| Auto
Insurance - Enter the total amount of money you spend each
year on auto insurance. Remember that auto insurance normally
is billed on a six month cycle, so you may have to multiply
your last bill by two. |
|
| Home
Insurance - Enter the amount you spend on home owner's or
renter's insurance |
|
| Extra
Insurance - Enter the amount of money you spend on other
insurance policies, for example for a boat, umbrella policy,
jewelry, etc. |
|
| Life
Insurance - Enter the amount you spend on life and/or disability
insurance |
|
| Vacation
- Enter the amount you plan to spend on vacation(s) this
year |
|
| Tuition
- If you are taking classes in college or night school,
you probably get a tuition bill only two or three times
a year. Enter your total annual cost of tuition here. |
|
| Birthday
Gifts - Enter the amount of money you typically spend on
all birthday gifts each year. Consider your mother, father,
spouse, children, siblings, etc. |
|
| Christmas
Gifts - Enter the amount of money that you expect to spend
on Christmas gifts this year. |
|
| Other
Gifts - Enter the amount you will spend on other gifts:
mother's day, father's day, secretary's day, graduation,
etc. |
|
| Charitable
Contributions - Enter the amount you give per year to charities. |
|
| Car
Repair - Enter the amount of money you typically spend in
a year on car repair. Remember things like oil changes,
tune ups, tire replacement, etc. If you have no idea enter
at least $250. |
|
| Home
Repair and Maintenance - Enter the amount you expect to
spend on unexpected home repairs and maintenance. If you
have no idea, enter at least $500. |
|
| Automobile
Taxes - Enter here the amount you typically spend on automobile
taxes, including yearly registration fees. |
|
| Property
Taxes - Enter here the amount you typically pay per year
on property taxes. If you have a mortgage the property taxes
are typically handled as part of your mortgage payment. |
|
| Medical
and dental - Enter here the amount you expect to pay for
medical and dental visits not covered by insurance. For
example, if you do not have dental insurance and you will
have two check ups this year, enter the cost of those check
ups here. |
|
| Other
- Enter here anything else you can think of that you typically
pay on a yearly basis and is often forgotten. |
|
| Click
this button to calculate the total. |
|
| Total
- This is the total amount of money you spend per year on
"hidden" expenses. |
|
| Monthly
total - This is the total divided by 12. You should be depositing
this much in a separate account each month. Pay this amount
"to yourself" just like you pay any other monthly bill. |
|
