Since mulch falls under home maintenance that’s where we will include these expenses next budget update round. We would buy 4 bags a year from Costco at $15.99 a bag which we now factor into our monthly budget. Sometimes we’d find items such as birdseed from Costco, Mulch, Government documents (PR Card, Passport, Passport photos), etc that we had never considered before.īy tracking our miscellaneous expenses we knew that we would need to include birdseed into our home maintenance category. I wanted to give tracking our miscellaneous expenses a solid 6 months of tracking to see how we could improve our budget. CBB and I have been testing our new miscellaneous expenses tracking log for our monthly budget.Īlthough planning ahead for bills that you know will arrive these types of miscellaneous expenses kind of hit you in the face and sometimes all at once. 6 Months Of Tracking Our Miscellaneous Expensesīoth Mrs. I was able to explain to the reader why we put the items into our miscellaneous category however that’s where it ended.
Not lazy in a sense where we weren’t monitoring our monthly expenses but tracking why these miscellaneous expenses were happening. To be honest it wasn’t until then that I really took a look at that category with deeper thought as we took it for granted.īasically, anything that didn’t have a home got stuffed in the miscellaneous expenses category which was kind of lazy of us. Years ago I had a fan reach out to me and ask me why our monthly miscellaneous expenses were so high some months. The only problem with this is that you have to watch how much money you have in the slush fund and what you’re expensing. You can build a miscellaneous cost into your budget every month and if you spend less than that amount take what’s left and put it into your bank account (slush fund account).įor months that you spend more in the miscellaneous expenses category, you take money from the slush fund. One of our biggest budget expenses for the year that is variable is our miscellaneous expense category.įor some of you, this budget category might be called a “ Slush Fund” but realistically you can call it whatever you like. Miscellaneous Expenses Breaking Your Budget Into Piecesīudgeting numbers is fairly easy as it’s basic math however when it comes to miscellaneous expenses things can get tricky.
#Miscellaneous expenses how to
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