How to save if you have many 'rare' expenses?
Answer
Create funds (insurance, repairs, gifts), estimate annual amounts, and distribute them across months. Then rare expenses stop being 'unexpected.'
Was this answer helpful?
More questions in this topic
- Where is the best place to keep savings?
- How to protect savings from inflation?
- How much should be in the safety cushion and where to keep it?
- How to distinguish a safety cushion from savings for goals?
- Where to start saving if you can't save anything right now?
- What percentage of income is best to allocate to savings?
- How to save if income is irregular?
- What to look at when choosing a deposit besides the interest rate?
- Is a savings account or deposit better for a cushion?
- Is it worth keeping savings cash at home?
- How to distribute savings among different instruments?
- Is it necessary to open a separate account for savings?
Related questions from other topics
- Financial Calendar: how to distribute annual expenses?Personal finance · Financial Calendar
- Safety cushion: how many months of expenses are needed?Personal finance · Safety cushion
- Repair and estimate: how to create a repair estimate and avoid overspending?Taxes · Renovation and estimate
- How to plan for 'unexpected' expenses?Personal finance · Budget and planning
- Insurance: How to plan annual payments?Personal finance · Insurance
- What are sinking funds and how to use them?Personal finance · Budget and planning