Planning ahead for annual expenses helps make Yom Tov and Events something to look forward to instead of a source of stress.
Income
Seasonal
Annual
Summary
What is your total income?
Total income includes each spouse's income, business income, commission, bonuses, tax returns, government programs (food stamps, vouchers, section 8, SSI, social security, or other)
Additional Income Sources
Total Estimated Annual Net Income:
$0
What are your seasonal expenses?
Back to School
Tishrei
Winter Wardrobes
Chanuka
Purim
Pesach
Shavuos
Camp
Summer Clothing etc.
Summer Expenses
Total Estimated Seasonal Expenses:
$0
What are your annual expenses?
Total Estimated Annual Expenses:
$0
Your Complete Financial Plan
When you prepare for annual expenses and the money is there before you need to spend it, then each season will be heralded in with joy.
Total Annual Income
$0
Total Seasonal Expenses
$0
Total Annual Expenses
$0
Grand Total Expenses
$0
There are three ways to prepare throughout the year for your annual categories:
Pro Tip: Designate a separate bank account for your annual funds.
Monthly Savings Plan
Based on your total income and total annual expenses divided by 12, it is recommended that you put aside this amount each month towards your annual funds.
$0
Pro Tip:
If the monthly annual amount seems more than what you can easily afford, don't worry. Begin with what you can, and aim towards the full amount. The habit of just putting away each month will gather momentum and help you grow.
Percentage of Income
Based on your total income and total expenses, it's recommended to put aside this percentage of all of your income consistently.
0%
Pro Tip:
If the full percentage feels like a stretch, then just do whatever percentage you can and keep the goal in mind and increase the percentage consistently until you reach your goal.
Lump Sum
Put aside this amount in lump sums throughout the year to fund your annual expenses.
$0
Pro Tip:
If you currently can only put aside some or most of the total amount, celebrate that and keep aiming towards growing the lump sum that you put aside ahead of time.
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