Greetings. New to Money 2003 here and setting up a
budget. Things I spend money on every month (utils,
groceries, etc.) are fine, but I'm having issues figuring
out what to do with non-monthly items like say, car
insurance or new glasses frames, that sort of thing.
For instance, when I set up the budget I specified
$100/two-years for Eyecare, since I just bought frames
and won't be spending more on that until insurance rolls
around again. Then I got to the Review your current
budget status screen and it showed that I'd spent $85 for
eyecare and only budgeted $4.17 ($100/24-months) for this
month! Since it won't let me re-allocate funds from more
than one month forward or back, I'm a bit stumped as to
what good the less-than-monthly-frequency options are.
Questions:
1) How does everyone else handle budgeting for these
expenses (car insurance, renter's insurance, etc.) that
don't occur monthly? Are they part of your savings goals
or what?
2) What use have you found for the less-than-monthly-
frequency options in the budget?