#Spreadsheet of monthly expenses registration

Our family personally sets aside $25 each month into a cash envelope to save for upcoming clothing expenses. 15: ClothingĬlothing expenses can be monthly, but you can move these to sinking funds if you choose to buy clothes less often. If you’re on budget billing- you can move your power bill to fixed expenses. Your sewer bill may be a fixed expense if it’s not included in your monthly water bill. You can even budget for once a week and 1-2 spontaneous trips per month if you want. If it costs your family an average of $50 every time you eat out, then you can budget $200 a month on restaurants. Most people generally go out at least once a week. Your restaurant budget is whatever amount you and your family decide. Check below to see the most competitive car insurance rates in your area:Ī post shared by Allison Baggerly 12: Restaurants Lowering your monthly bill will pay off over time. This way, you won’t be caught off guard when your insurance payment is due.īy the way, it definitely pays to shop around for better deals on car insurance.

If you do pay it twice a year, you can add this cost to your sinking funds list. If you pay insurance twice a year, you might receive a discount. 9: Car InsuranceĬar insurance can be paid monthly or twice a year. These are any monthly fees you have like the gym, beauty boxes, razors, pet boxes, kid boxes, etc. If you want to double check the ones you have, check your bank statement from last month. People forget about these when they create their budget. The annual fees can be added to your savings if you can’t afford to pay for them out of pocket in your monthly budget.

#Spreadsheet of monthly expenses registration

7: Daycareĭon’t forget to add your daycare costs and annual one-time fees like registration fees, supply fees, etc. If one of these don’t work in your area, try asking on Facebook in your area to see if you can get the name of some other companies that have good service and cost less. If they cover your area, you could save hundreds by switching. Be sure to check your coverage area before switching. If you’re looking to lower your phone bill, try Mint Mobile or Republic Wireless. Your internet bill can actually save (& make) you money if you use streaming services in place of cable or start a side hustle. They’re under $10 a month and will save you a ton of money. If you don’t have a cable bill, or you’re looking to downsize, you can save a ton of money by switching to streaming services like Hulu and Netflix. If you’re a renter you will have this as a monthly fee. If you are a homeowner and have a mortgage, this one likely gets lumped into your mortgage payment. If they are annual, you can add it to the sinking fund category. Homeowners Association Dues can be due monthly in some neighborhoods (or condos) or even due annually. Of course, there are exceptions and if you live in a place with a higher cost of living- this might not be as realistic for you. So if you get paid weekly, your rent should be equal to (or less than) one week of your pay. 1: RentĮxperts agree that your rent should be between 25%-30% of your take home pay. You know exactly how much the bill will be every single month because it’s always the same. Fixed Monthly Expenses Listįixed monthly expenses are expenses that don’t change each month. I believe personal finance is personal and you get to fit your budget to meet your family’s values, goals, and lifestyle. It should help you determine which monthly expenses you have so you can add them to your budget. This monthly expenses list is comprehensive, therefore all of the expenses might not apply to you and that’s okay. We’re going to break these monthly expenses list up into the following categories: That’s not to say it can’t be lowered one day, but the point of the budget is to create a plan and stick to it. When it comes to budgeting, it’s important to be realistic and account for your actual expenses. The main reason people stop budgeting is that they aren’t creating realistic budgets for the things they’ll actually spend money on. That’s why having a monthly expenses list can help you write a better budget. It’s important to know exactly what you’re spending money on. Knowing what monthly expenses you have is the key to staying on budget.