Budgeting During a Trap Month

budgeting during a trap month

Monthly budgets are tricky sometimes and it can be even trickier when you run into a trap month that has added expenses that you aren’t used to. I’m not talking about your typical trap like Christmas sneaking up on you in December. I’m talking about traps that sneak up on you because we get so used to budgeting with only 4 weekends in a month on average.

Trap Months Mean Extra Expenses

For 2019 the months of April, July, September, and December all have 5 weekends in them, and this 5th weekend can really wreck your monthly budget. For a ton of families we tend to do our grocery shopping on the weekends and when you have 5 weekends in a month that means a 5th weekend of groceries to add to the budget. A 5th weekend of ensuring your restaurant budget has enough to cover you going out to eat on that extra weekend.

Winning With Your Budget

If you have kiddos in child care, watch out for the months of April, July, October, and December. All of these months have 5 Mondays in them which means a 5th week of daycare for most. Hang in there, kindergarten is just around the corner. When your kiddo reaches kindergarten it can feel like you got a huge raise since you no longer have to pay for as much daycare.

Start looking for other traps in your budget and you will quickly learn how to avoid the budget trap and win with your budget, and more importantly with your money.

If you want to get ahead of trap months, schedule a free 15-minute discovery call today.

By FinancialCop Nick Daugherty

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