A great way to even out your cash flow each month and stay within budget is to save/budget your annual expenses monthly.
For example, an annual fee for Amazon Prime is about $120. If you instead budget for it monthly AND save that cash at $10 per month ($120 divided by 12 months) then when the expense comes due you already have the money saved and budgeted, so you won’t see this spike in expenses for that month.
This is a great way to make sure your budget is almost the same dollar amount for expenses each month, and allows you to maintain focus and not lose sight of those expenses that are due quarterly or annually.
An essential expense in RVing is the cost of maintenance. Even if you have a warranty, there will still be wear and tear items to maintain – oil changes, washing the RV, new tires, and more. Using the same method of saving and budgeting an allowance for maintenance each month ensures that when the time comes for repairs and maintenance, you can avoid the stress since you already saved money directly related to this expense.
Amazing article!
That is Kevin. Glad you liked it.
Great artical. Will help out greatly in our travels this year.