Comment on YSK that you can/should budget yearly for long term purchases
otp@sh.itjust.works 1 week ago
That’s a good idea! I do things differently (basically adding money to different “pools” to use for different categories), but if I need to forecast how much I’m going to spend on things, this would really help.
I tend to assume that something I buy will last forever (unless it’s explicitly replaceable)…but that’s basically never the case these days.
Nighed@feddit.uk 1 week ago
I do the pools idea too.
But every Christmas I sum my expected non regular expenses (maintenance fees, insurance, dentists, cloud storage, etc) and divide by 12 to get the monthly cost so I can spread out the expected budget busters.
otp@sh.itjust.works 1 week ago
I have an Excel file for recurring expenses with dates of recurrence and auto-calculated yearly and monthly totals, and these factor into my monthly/yearly “budgets”. And thus, into how much I need to maintain my emergency fund!