Planning Big Expenses in 2018
What is the Money Date? A weekly time to check in. 3 things we review and update:
- Spending
- Earning
- Savings
Let’s face it, big expected and unexpected expenses happen. Put some time into planning now. I want you to be more proactive, that way you can stay on the top of it.
Plan ahead
- Determine what kind of big expenses you anticipate
- Vacations
- New Car
- New furniture, new appliances
- Gifts
- Weddings
- Donations
Timeline
- When during the year will you need to spend on these items?
Get to work
- You now know what you going to buy and when. The next step is to assess where you are with the money part.
Do your numbers. How much will you be spending on your financial goals? Do you already have funds saved?
Begin saving or earning. I recommend setting up a separate savings account, where you can for these expenses. Open a high yield online savings account. You also will earn a little interest.
