PRACTICAL GUIDE
How to plan annual expenses without surprises
Plan for insurance, taxes and other non-monthly payments.
List yearly bills
Include insurance, tuition, maintenance, gifts and renewals.
Record dates and amounts
Use past bills to estimate amounts.
Spread each expense
Divide annual costs by twelve to find the monthly amount to set aside.
Check your balance
Review savings before each due date and update for price changes.
Worked example
If insurance costs €480 a year, set aside €40 a month.
These examples are educational and may not fit every situation.
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