2nd of 6 EXPENSE TYPES
Non-Weekly Repeating Predictable Expenses – (otherwise known as ‘Bills’)
This will be your primary bank account where all your finances originate from.
These fall into two groups:
Rent, Electricity, Telephone, Rates, Insurance, Planned Gifts, Regular Donations, Vehicle Registration, Memberships, Children’s Lessons, Dentist, Gifts, Education, and other similar expenses.
I enter ALL expenses in the BILLS account, except for those of course in the FFFI.
Mortgage(s) and / or Loan Repayments
These are payments or expenses you can reasonably predict into the future:
You know how much they usually cost with reasonable accuracy, or, if you don’t know how much they usually cost, you can nominate an amount that will work for you.
You know how often they fall due within a yearly cycle
You know when they will occur next
If you do not know these three facts about an expense it does not belong in this list.