The Monet Blog · Basics
Insurance, car registration, holidays and the annual dentist bill are not emergencies. They are predictable — and they can be pre-funded monthly.
By Sankha NagChoudhurySeptember 14, 20266 min read
Most budgets fail in the months with a large irregular bill. Sinking funds fix that by turning a once-a-year cost into a small monthly line you have already paid.
Look back over twelve months of statements and write down everything that was not a monthly bill. That list is almost identical to next year's list.
A $960 annual premium is an $80 monthly line. The bill stops being an event and becomes a transfer.
The money needs a name. Whether that is several savings sub-accounts or one account with a tracking sheet, each dollar should be labelled.
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