7 Most Commonly Missed Expenses for March
It will be here before you know it—that’s right, we’re talking about March. And with a new month comes a new budget. But don’t just copy all the expenses from last month. There are some specific items you might want to set aside a little extra cash for as we say farewell to winter and anticipate the arrival of spring.
Here are seven expenses to plan for this month:
1. St. Patrick’s Day. Americans spent more than $35 each on St. Patrick’s Day in recent years, including festive clothes, drinks and more. It’s easier to enjoy the celebration when you know you’ve budgeted for it. Make plans with friends, and set your spending limits in advance.
2. Spring break. A quick weekend trip or a full-fledged vacay with the family—it’s your choice! Budget for travel, hotels, food and entertainment. Then you can relax and soak up the sun without worrying if your vacation is soaking up all your money.
3. Easter. No matter how much you spend on candy, cute bunny decorations and that sparkly grass for Easter baskets, make room in your March budget for it.
4. Tax fees. If you have a tax appointment coming up, set extra money aside to pay the fee. And, if you haven’t made your appointment yet, we can connect you with a trustworthy tax professional in your area!
5. Landscaping costs. Mulch, pruning shears, fresh flowers . . . there’s a long list of supplies you may need to give your yard a magazine-cover-worthy look.
6. Summer vacation and activities. Figure out how much you’ll need to save for your summer vacation, softball league or swim lessons, then set extra money aside each month, starting now. If you want to send your little munchkins to summer camp this year, you might want to plan ahead . . . especially since deposits are due well in advance of the camp start date.
7. Prom. If you have a high schooler, prom is officially around the corner. If you want to help them buy a dress, suit, or get their hair and makeup done, now’s the time to start setting money aside.
Each month, your budget gives you a fresh, new beginning with your money. You’ll feel as good as that first warm day of spring when you know you’ve set your spending and are prepared for March. Take control of your money and do great things with it!