Manage your annual surprise costs
June 20, 2009 by Jennifer Chait
Filed under saving money
Yearly surprise (or periodic) costs include things like health care and car repairs not covered by insurance, birthday gifts for all those parties your kid gets invited to, PT summer camp, and so on. When surprise costs pop up as surprise it can cause a crimp in your budget.
To ease the surprise factor of periodic costs, do a general estimate at the start of each year. For example, consider all the surprise costs of the previous year, then add them up and divide by 12. Once you’ve got a figure in mind, be sure to set that amount aside each …read more
