All of a sudden you have two months that are measurably different than the rest, creating potential challenges towards having the funds to cover those two months. Then in December, you have $500 for holiday expenses, $100 for personal property taxes, $200 for another birthday, and another $400 for an annual insurance premium. However, in August you have about $400 in back to school expenses, as well as $200 for a birthday, and $600 for a home warranty annual premium. Let’s say your monthly fixed and flexible spending is typically $3000 a month. These have a way of really throwing off your month-to-month spending plans if not adjusted for. Some examples include personal property taxes, certain insurance plans with annual or semi-annual premium payments, gifts, birthday expenses, holiday expenses, school expenses, home furnishings, repairs, auto licenses and inspections, home warranty plans, and vacations and trips to name a few.
#Periodic expenses examples how to
This week, we’ll talk about periodic expenses, discussing what they are, how they can mess up your spending plan, and how to adjust your spending plan with these expenses in mind.įirst thing, what are periodic expenses? Periodic expenses, also known as irregular, seasonal, or occasional expenses, are expenses that occur just a few times a year and are often overlooked when developing a spending plan.
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