Convert annual and irregular expenses into monthly sinking fund amounts. Stop treating predictable costs as emergencies — plan for them instead.
1
Common irregular expenses
Tap any that apply to you — they'll be added to your list below with an estimated amount. You can adjust the amount and frequency after adding.
Vehicle registration & servicing~$1,200/yr
Insurance renewals~$1,800/yr
Dental check-ups~$400/yr
School fees & supplies~$2,500/yr
Gifts & celebrations~$800/yr
Home maintenance~$1,500/yr
Medical expenses~$600/yr
Car repairs & tyres~$500/yr
2
Your irregular expenses
List every predictable expense that doesn't happen monthly — annual bills, quarterly costs, semi-annual charges. These aren't surprises, they're planned expenses.
Expense nameCostFrequency
Total monthly sinking fund
$0
Total annual cost
Monthly sinking fund
Yearly set-aside (× 12)
From the lesson
Add $0/month to a "Planned Expenses" account to cover all of these.
These aren't emergencies — they're predictable costs you're now planning for. Set up an automatic transfer on payday to a dedicated savings account or sub-account labelled "Planned Expenses." When the bill arrives, the money is already there, no panic required.