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Reworking The Bills Budget

August 24th, 2016 at 04:13 am

I call September "Scary September" because we have high gas & electricity bills plus property rates plus roadside assistance. Plus plus plus basically.

In the interest of balance I decided to work out exactly how much we pay in bills per year and then divide it monthly and simply allow for that amount each month in the hope of avoiding the horrible September month.

We used to do this years ago and it worked well, so hopefully it will again. We did this up until B started his business and cashflow became very erratic for quite a while. Now that he is back earning a steady income we should be able to revisit this habit and hopefully breathe a little bit easier.

I'm not going to list the items we pay for or the amounts because frankly it's depressing! We just have to keep watching various things to try not to pay too much. (Eg our house insurance came in last month and has increased by $10 per month. We don't mind paying monthly as there is no charge for this. Anyway I compared the policy against some other insurers and found it is reasonable so we will stay with them)

Starting October, we will set aside $4011 (this covers all housing costs - mortgage, insurance, utilities, all car costs - loan repayment, insurances registration, cell phone costs, motorbike loan repayment and costs, and various other bills) per month.

Hopefully next September will be much more manageable!

6 Responses to “Reworking The Bills Budget”

  1. creditcardfree Says:

    We save monthly for the semi annual and annual bills, makes a big difference. They money is always there when it is needed!

  2. scottish girl Says:

    I hope next September is much better for you.

  3. rob62521 Says:

    It sounds like a good plan and you will have the assurance of having the money without having to scrape.

  4. VS_ozgirl Says:

    Thanks guys! Creditcardfree I hope we can be in the same place, just having the money there when needed.

  5. FrugalTexan75 Says:

    That's how we do it - break up annual or semi-annual bills into monthly bills. I'm doing it also with our water bill - paid bi-monthly

  6. alice4now Says:

    I've started setting aside monthly for the yearly bills, plus a little extra for those "increases"!

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