How can I manage major expenses in the coming year?
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Last Updated: 06/19/2022 at 6:59pm
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Top Rated Answers
set a budget. acknowledge to pending expenses and begin setting aside money every check and DO NOT TOUCH that until that expense is cleared - then reward yourself with something or somehow. This will give you a reason/goal for managing your money well
Anonymous
December 5th, 2017 8:27am
Get or make a financial planner that you can use to help with the planing of the coming year expenses.
Anonymous
November 23rd, 2020 6:42am
Lay them out in a notebook or an agenda. When you can read and visualize your plan it often times makes them less intimidating. After writing down the major expenses that you have coming, start to create a plan that will allow you to save and to be prepared. Whether earning that money is through work, chores, or whatever it may be set up a plan of how you will be able to save. After doing these to things, the stress of the major expenses should hopefully decrease now that you know that you have a plan and are ready!
Anonymous
January 18th, 2021 8:39pm
It can be stressful when dealing with money especially when managing your expenses for the year. Saving money is the first step. The key is not to overwhelm yourself by thinking how much you need to save. Whether your saving $5 or $100 every lot but helps and adds up. Having a little envelope to put money away can be a great and easy start. By storing away the money and not seeing it daily it will help you not spend it. It is great that you want to prep yourself for future expenses that just shows your readiness to save. You are already having a great mindset.
Manage major expenses by cutting down on things you may not 100% need. Going to the movies once a month? Cut it. Instead, rent movies at home. Movie tickets cost $25-50 depending on the amount of people and the movie. In addition, snacks can cost up to $40-70 in theaters. Instead, rent a movie for $1-5 and pop homemade popcorn. This is a major way to reduce major costs with so many different things.
Saving for a vacation? Maybe cut down for a month. Instead of saving $100-500 per month in vacation money, reduce it to less than $100. Really, how often will you go on a vacation? The average person takes vacations less than 5 times a year.
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