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Unusual Spending for October

September 28th, 2023 at 03:44 pm

Every month we usually have some unusual spending. I don’t call it unexpected spending because it’s not unexpected. It is just random expenses that don’t occur monthly but always occur. I used to track them each month so that I could budget for them and somehow, I got out of the habit of doing that.

In another effort to improve our financial footing I’m going to start doing that again and writing a blog post each month detailing any unusual spending that I can think of. In years past it has been things like soccer sign-ups, school pictures, or costume fees for dance. Going forward it will probably be things more related to birthdays, car registrations, and the like.

For October some unusual spending I have thought of is our daughter’s international trip starting on 10/6, a wedding we are attending on 10/7, and Halloween. More might pop up, but this is what I am planning for so far.

Our daughter is taking an international trip with her best friend’s family, and we are helping her. We are paying for half, and she is paying for half. We have already purchased and paid for her airfare. We will pay for half of her entrances to different attractions, but she has to pay for all her own food and any souvenirs or gifts she purchases on the trip. We have paid $1600 so far (of which she owes us $800) and I anticipate paying another $1000 (our contribution).*

The day after our daughter leaves, we will be attending a wedding about an hour and 15 minutes from where we live. We will drive home after the wedding even though most of our friends are staying in a hotel. We do need to budget for a wedding gift, however.

Lastly, Halloween. We always forget to budget for Halloween. Not this year. We will add $75 to our food budget so we can buy candy to give out to the kids who come through our neighborhood.

*I know this isn’t a very good use of our money and the money spent on her trip could help to replenish our emergency fund or be used towards debt, but we did budget and save for it. That’s why it is called personal finance.

1 Responses to “Unusual Spending for October”

  1. Lots of ideas Says:

    You are right that it is called ‘personal finance’ and memories are not something you can assign a price too.

    For your daughter’s trip, did you offset money you would normally spend on her birthday and Christmas for her - and maybe you as her parents - with the trip? Can you take on a few jobs as a family - like pet sitting, yard cleanup, babysitting —to pay for some of the trip? That can be a good way to teach her that life is a series of trade offs, and you can have ‘anything’ you want but not everything.

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