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Extras Budgeted for November

November 1st, 2015 at 03:26 pm

When doing our budget in YNAB we made sure to think of some extras we needed to account for this next pay period. Specifically, we need to take our van in for an oil change, spark plugs changed and to look at the motor that controls one of our windows. It is also my birthday month, so some cash is set aside for gifts. I don't really want or need anything, but the money is there for now. We will use a little bit of that gift money to buy our niece a birthday gift as well.

I allocated $375 towards our November trip. We have already charged our expenses, but we need to pay those before the end of the month.

YNAB says that when budgeting you should think 'What do I need the money to do before I get paid again?' I've always thought this just not in those same words.

Have you thought ahead to what you need to plan for until you get paid again?

Posted in Budget | 7 Comments »

7 Responses to “Extras Budgeted for November”

  1. MonkeyMama Says:
    November 1st, 2015 at 03:34 pm 1446392042
    1446392042

    WE always map out our income/expenses one month ahead. With credit cards, maybe it's the opposite of YNAB. We have all of this month to pay for last month's expenses. But I like the simplicity of mapping it all out with the expenses known. November is set for us.

    In a couple of weeks we will map out December. January is a month that we reset and re-budget. Just because it's when income and expenses tend to change for us. So we come up with an "income minus savings = expenses" plan for the new year. I only bring that up because that time of year is coming up pretty quickly!

  2. creditcardfree Says:
    November 1st, 2015 at 03:53 pm 1446393228
    1446393228

    I've always known basic bills and known the income each month. I've usually set aside $X to cover the variables and put the extra into savings. I just never had a good way to categorize where the money has been going. We are using the credit cards, but I'm paying what we spent at the time we are paid. So effectively, the main credit card is getting two payments a month. I may change this at some point and pay when due, but even with money set aside to cover those charges I don't like to see the balances piling up.

    Using YNAB has my husband involved and that is the best thing!

  3. My English Castle Says:
    November 1st, 2015 at 04:29 pm 1446395370
    1446395370

    It sounds like YNAB has been a very good thing for you. I wish I could get my DH more involved. He sees the micro items, saving 2 cents on gas etc, but has a hard time seeing bigger items and long-term goals.

  4. Thrifty Ray Says:
    November 1st, 2015 at 05:07 pm 1446397622
    1446397622

    I have a spreadsheet and map 6-12 months out. I have a miscellaneous account (aka Freedom account) that houses for all the budgeted anomaly expenses. Because of the 3 on 3 off with the hubs schedule, his monthly income can vary A LOT, so I have to plan in advance so that we stay on track for lean months. I would be lost without that spreadsheet!!!

  5. creditcardfree Says:
    November 1st, 2015 at 06:39 pm 1446403153
    1446403153

    @MEC, YNAB had been really good so far for us. It has us communicating a bit more. You might show it to your husband. Look around on the site and see if you might want to try it for the trial month.

    I've never had spreadsheets, so that is where YNAB has been so helpful to understand spending patterns.

  6. Livingalmostlarge Says:
    November 1st, 2015 at 08:08 pm 1446408481
    1446408481

    Nope I can't seem to get a handle on those sort of things. I just don't spend money if possible. We are down to $2200/month spending including utilities, etc. I bet if we didn't have to refurnish so much stuff we'd be closer to $1500-$1800. The dog last month cost us $1k alone. That's not really budgetable.

  7. FrugalTexan75 Says:
    November 1st, 2015 at 09:33 pm 1446413596
    1446413596

    Yep, I have November all mapped/budgeted out.

    I'm going to need to have some things done to my car soon - power steering belt tightened, wheels moved around, and probably transmission fluid drained. So .. put some extra money to the car category. Smile

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