Budget101 Discussion List Archives Budget101 Discussion List Extra items to list on budget

Viewing 0 reply threads
  • Author
    Posts
    • #258678

      You can have a “miscellaneous expenses” that such things fall

      under. After all, not everyone has a birthday to buy for every

      month. Then some months you might have several. Club fees at school

      don’t happen every month. Set up this fund, and if it reaches an

      amount you decide on as a top amount, any excess over that amount can

      go into emergency funds. Or you just might want to let this

      miscellaneous funds amount grow. It will be used on occasion when

      those unplanned events come up and the money is in that account for it.

      The big thing is to decide if you do need to specify something on the

      budget if you have an expense that comes up on a regular basis. Then

      it will move from the miscellaneous classification to one for that

      expense. Some expenses are not monthly, and I’ve found it quite

      handy to set aside the money, at least in my checkbook register, for

      these expenses. I have a ledger book and each week I have X amount

      going to the ledger, and from there it’s split up for auto insurance,

      vacation, property taxes, car repair, car tags, just to name off a

      few. When I do write a check to pay for one of these, I put the

      amount of the check in the register, then “ledger” in the deposit

      column. I subtract the amount from the right page in the ledger,

      too. It’s not complicated, just a bit more math when I do my

      checkbook balancing.

      Ann in Arkansas

Viewing 0 reply threads
  • You must be logged in to reply to this topic.

Budget101 Discussion List Archives Budget101 Discussion List Extra items to list on budget