Along with gifts being spending plan breakers (see my previous post on this topic), I also came up with some other expenses that haven’t exactly been surprises, but I could have done a better job of planning for them.
Professional association membership(s)
Other subscription services with once a year costs (i.e. XBox Live, AAA, club/union dues, etc.)
I fixed the gym membership issue by setting up a reoccurring monthly withdrawal from checking to savings into an account specifically for renewing the membership when the time comes. The magazines and other ‘entertainment’ style expenses have just come out of our ‘amusement’ budget in whatever month the bill comes. It’s not exactly perfect, but it works for the time being.
I’m not really sure what to do about the professional memberships or things like AAA coverage. I suppose I could plan to save $5-$6/month for these in an account, but that seems a little silly. A $60/year membership doesn’t really cause our spending plan to be totally foiled, as we often come in underspent on at least a few categories so it ends up not making a big difference. I haven’t really seen a good spending plan that includes these type of expenses.
How do you manage once a year fees or subscription costs? Are there better ways of doing this than just fitting it into my regular spending plan?