top of page
  • Megan

What Are True Expenses?

Rule #2 of the You Need A Budget Method is about saving for your true expenses: things that you know are coming up, but still act surprised when they do. (ie: Oh crap, I have to pay registration this month?!?!)


Saving ahead of time allows you to have the money when it's time and you won't be set back.


Most people will have similar true expenses - car registration, birthdays, holidays, taxes - but many of them are personal: renewals, children's activity fees, personalized home/auto services, etc.


Start by writing out everything you pay for each month that is NOT a fixed expense like mortgage, daycare, or insurance. I went back through my calendar and bank statements to get very specific.

Guesstimate a dollar amount. Add up the month to know how much extra you will need each month and start funding a "True Expenses" category. Or you can get very specific and have savings envelopes for each expense.


No matter how you decide to save up for these future expenses, it's crucial to first know what they are and just start sticking away money!

13 views0 comments

Recent Posts

See All

Surviving Your No Dining Out Month

If you tend to eat out because you are crunched for time or you don't feel like cooking, having some quick, easy recipes in your back pocket is essential. I apologize for not having beautiful picture

bottom of page