Extra items to list on budget

[Guest]

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

[Author]

Posts