Note: exclude your mortgage payment as we included that above as a periodic expense. These payments are typically car loans/leases, student loans, home equity loans, and credit card payments. Recurring expenses also include your monthly debt payments. Monthly Debt Payments, excluding your Mortgage Source: Financial Dadvisor Recurring Expenses SpreadsheetĬlick the image or link above to get your free copy of my spreadsheet. 12, and not pay them $60 a year in payment fees. I prefer to keep my money in the bank, make 2 payments a year vs. The car insurance company would be happy to set up a monthly payment plan and charge you a $5.00 fee for doing so. So for car insurance, your monthly budget amount is $100 ($600/6 months). Let’s say your car insurance is due every 6 months. Examples are real estate taxes, homeowner’s insurance, life insurance, and car insurance. Periodic expenses are constant but are not paid monthly.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |