Sign me up for updates. Sign up now

Donate Take Action

Budgeting for Unexpected Expenses

Looking at past expenses will give you the information you need to plan for future ones.

Step 1  Gather all of your bills and account statements from the past year.

Step 2  Read through each one and look for one-time expenses or ones that don't show up every month.

Step 3  Write down the expense, the category (car, health care, clothing, personal care, kids activities, etc.) and the amount on a worksheet.

Step 4  Divide the cost by 12 to determine your monthly savings goal.

Step 5  Add this amount to the corresponding categories in your existing budget.

Step 6  Make note on your calendar of the approximate month the expense will need to be paid.