How to budget for yearly and extra expenses

Tsh Oxenreider, Author & Blogger, shares advice for parents on how to budget your family's yearly and extra expenses
Family Budgeting Tips - How To Budgeting For Yearly & Extra Expenses
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How to budget for yearly and extra expenses

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Sinking funds are something my family uses whenever we want to save up for something that is not an emergency, but is not necessarily something we need every month, and so Christmas is an easy example. We spend money on that every year, but we only need it at the end, and so we save up a little every month, so that by the time that comes, we have the money we need. We do this for things like vacation, for a vehicle replacement, for just whatever we think we might want to spend money on that year. And we even have it so that our amounts are amounts are automatically deducted every month from our main account into separate savings accounts, and so we don't even have to think about it anymore. And it's honestly just a few dollars every month, and so we barely feel it, but whenever the time comes when we need that money, it's there, and we can use it without sweating it. It's just available, and we can spend it, and then go back to saving.

Tsh Oxenreider, Author & Blogger, shares advice for parents on how to budget your family's yearly and extra expenses

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Tsh Oxenreider

Author & Blogger, SimpleMom.net

Tsh Oxenreider is the full-time blogger behind Simple Mom and the founder and creative director of Simple Living Media, a blog network dedicated to helping people live intentionally (while throwing perfection out the window). She thinks a library card, a Netflix subscription, and a passport are some of the greatest parenting tools in the universe. She’s a wife to Kyle, mama to Tate, Reed, and Finn, and is the author of Organized Simplicity and One Bite at a Time: 52 Bites for Making Life Simpler. She is currently working on her next book. Tsh and her nomadic family currently live in Bend, Oregon, but several dots around the globe have also been called home (her 7-year-old has been on 60 airplanes and counting). Together, they love to travel, read books, go camping, and make homemade pizza for Friday Family Movie Night.

Tsh writes about living simply and intentionally at Simple Mom, which was named one of the Top 100 Mom Blogs of 2012. She was also number 2 in the top 50 Twitter Moms of 2011, was named one of the Top 100 Mom Blogs of 2011, her blog was nominated for Best New Blog of 2008, and has been mentioned on Apartment Therapy, HGTV, Better Homes and Gardens, Food Network, CNBC, CNN, NPR, Parents Magazine, and more. She speaks frequently about blogging, writing, living intentionally, and motherhood in between changing diapers and hitting the 'publish' button. She is also an advocate for Compassion International, serving as one of their bloggers, and is a regular contributor at (in)courage. Tsh also records a podcast with Homefries called The Simple Mom Podcast, which during one week ranked second under NPR’s This American Life in most listened-to podcasts.

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Transcription: 
Sinking funds are something my family uses whenever we want to save up for something that is not an emergency, but is not necessarily something we need every month, and so Christmas is an easy example. We spend money on that every year, but we only need it at the end, and so we save up a little every month, so that by the time that comes, we have the money we need. We do this for things like vacation, for a vehicle replacement, for just whatever we think we might want to spend money on that year. And we even have it so that our amounts are amounts are automatically deducted every month from our main account into separate savings accounts, and so we don't even have to think about it anymore. And it's honestly just a few dollars every month, and so we barely feel it, but whenever the time comes when we need that money, it's there, and we can use it without sweating it. It's just available, and we can spend it, and then go back to saving.