Comments on: How Do You Manage Unexpected Expenses? http://www.onemoneydesign.com/how-do-you-manage-unexpected-expenses-2/ True Financial Freedom Wed, 08 Feb 2012 21:15:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jason Price http://www.onemoneydesign.com/how-do-you-manage-unexpected-expenses-2/comment-page-1/#comment-96457 Jason Price Sat, 05 Feb 2011 14:14:41 +0000 http://onemoneydesign.com/blog/?p=2358#comment-96457 Thomas, what you describe is a great approach. In fact this is basically the approach I use for my budget planning. I divide all the yearly or non monthly expenses by 12 and save that portion each month. As you say, it's not perfect but at least we're planning ahead! Thanks for sharing your insight. Thomas, what you describe is a great approach. In fact this is basically the approach I use for my budget planning. I divide all the yearly or non monthly expenses by 12 and save that portion each month. As you say, it’s not perfect but at least we’re planning ahead! Thanks for sharing your insight.

]]> By: Thomas http://www.onemoneydesign.com/how-do-you-manage-unexpected-expenses-2/comment-page-1/#comment-94929 Thomas Wed, 02 Feb 2011 18:15:11 +0000 http://onemoneydesign.com/blog/?p=2358#comment-94929 One method my wife and I have really liked is making a yearly budget that steps outside of the normal monthly budget. Monthly budgets pay for expected expenses like rent, groceries, gas, etc. But we had a need to at least estimate how much money we'd need to spend in a year on extra expenses. We didn't like having lean months simply because a vacuum needed to be replaced or a tooth needed to be extracted. We looked over a previous year to find random expenses that had happened and tried to figure out if they would happen again. We also thought about plans for the coming year like family birthdays, weddings, or events. Once we totaled up those numbers, we were able to ESTIMATE how much we'd need for a year's worth of extra expenses and save towards that. Its not a perfect science, but its a lot better than having no plan at all. One method my wife and I have really liked is making a yearly budget that steps outside of the normal monthly budget. Monthly budgets pay for expected expenses like rent, groceries, gas, etc. But we had a need to at least estimate how much money we’d need to spend in a year on extra expenses. We didn’t like having lean months simply because a vacuum needed to be replaced or a tooth needed to be extracted. We looked over a previous year to find random expenses that had happened and tried to figure out if they would happen again. We also thought about plans for the coming year like family birthdays, weddings, or events.

Once we totaled up those numbers, we were able to ESTIMATE how much we’d need for a year’s worth of extra expenses and save towards that. Its not a perfect science, but its a lot better than having no plan at all.

]]> By: How Often Should You Review Your Household Budget Sheet? | My Biz Online http://www.onemoneydesign.com/how-do-you-manage-unexpected-expenses-2/comment-page-1/#comment-10204 How Often Should You Review Your Household Budget Sheet? | My Biz Online Fri, 18 Jun 2010 15:55:39 +0000 http://onemoneydesign.com/blog/?p=2358#comment-10204 [...] each dollar a purpose) at the beginning of the month with my wife; we have found we are on top of unexpected expenses.  We’re on the same page and we know what money is going where before the month [...] [...] each dollar a purpose) at the beginning of the month with my wife; we have found we are on top of unexpected expenses.  We’re on the same page and we know what money is going where before the month [...]

]]> By: Albert Devick http://www.onemoneydesign.com/how-do-you-manage-unexpected-expenses-2/comment-page-1/#comment-7632 Albert Devick Mon, 24 May 2010 05:19:47 +0000 http://onemoneydesign.com/blog/?p=2358#comment-7632 Real interesting. I have been in debt for about a year justtry ing to avoid it. I keep getting calls from scammers luckily I found <a href="http://howigotmyselfoutofdebt.org" rel="nofollow">How to get out of Debt</a> Real interesting. I have been in debt for about a year justtry ing to avoid it. I keep getting calls from scammers luckily I found How to get out of Debt

]]> By: One Money Design Weekly Round Up: Four Day Weekend Edition | One Money Design http://www.onemoneydesign.com/how-do-you-manage-unexpected-expenses-2/comment-page-1/#comment-214 One Money Design Weekly Round Up: Four Day Weekend Edition | One Money Design Fri, 04 Sep 2009 21:52:35 +0000 http://onemoneydesign.com/blog/?p=2358#comment-214 [...] pleased to announce my article, How Do You Manage Unexpected Expenses?, was included in The Carnival of Personal Finance  #220 - History of Football Edition this week [...] [...] pleased to announce my article, How Do You Manage Unexpected Expenses?, was included in The Carnival of Personal Finance  #220 - History of Football Edition this week [...]

]]> By: Carnival of Personal Finance - History of College Football Edition — StretchyDollar http://www.onemoneydesign.com/how-do-you-manage-unexpected-expenses-2/comment-page-1/#comment-195 Carnival of Personal Finance - History of College Football Edition — StretchyDollar Mon, 31 Aug 2009 15:18:06 +0000 http://onemoneydesign.com/blog/?p=2358#comment-195 [...] @ One Money Design from One Money Design presents How Do You Manage Unexpected Expenses?, and says, “This post is related to handling unexpected expenses.  Too often credit is used [...] [...] @ One Money Design from One Money Design presents How Do You Manage Unexpected Expenses?, and says, “This post is related to handling unexpected expenses.  Too often credit is used [...]

]]> By: One Money Design Weekly Round Up: Blogger Community Addition | One Money Design http://www.onemoneydesign.com/how-do-you-manage-unexpected-expenses-2/comment-page-1/#comment-157 One Money Design Weekly Round Up: Blogger Community Addition | One Money Design Sat, 22 Aug 2009 21:59:30 +0000 http://onemoneydesign.com/blog/?p=2358#comment-157 [...] How Do You Manage Unexpected Expenses? [...] [...] How Do You Manage Unexpected Expenses? [...]

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