The Miscellaneous Head

The best laid budgets go wary.No matter how experienced the budgeter there are bound to be some minor unplanned for expenses.Mind you I am not talking of emergencies such as surgery or even infrequent expenses like say replacing a home appliance or unexpected expenses such as repairing a car.I’m speaking of small expenses such as an improptu evening out with friends or forking for a kid’s school project , toy or outing.These are the sort of expenses which call for a miscellaneous head in our budgets.Budgeting too tightly means there is no flexability to accomodate these small expenses and soon life is bound to become a drag.

The way to ensure there is always a little something for the extras is to decide on a figure and open a small savings account.If you withdraw from this account,top it up in the next budgetary cycle.This way you can be impulsive without upsetting the budget or going overboard with impulse spending.