Annual costs planner
How do I plan for yearly bills?
Turn licence discs, school costs, excesses and December into one steady monthly amount.
Your yearly bills
R
R
R
R
Think of licence discs, school costs, insurance excesses, annual subscriptions, holidays and December. They are not monthly bills, which is why they hurt.
What to set aside
Set aside every month
R 1 059
Total for the year
R 12 700
A bill falls due before the pot has filled. Starting with a top-up of R 2 441 covers it. Without that top-up the first bill would leave you short.
| Month | Put in | Bills | Pot |
|---|---|---|---|
| Jan | R 1 059 | R 3 500 | -R 2 441 |
| Feb | R 1 059 | - | -R 1 382 |
| Mar | R 1 059 | R 1 200 | -R 1 523 |
| Apr | R 1 059 | - | -R 464 |
| May | R 1 059 | - | R 595 |
| Jun | R 1 059 | - | R 1 654 |
| Jul | R 1 059 | - | R 2 713 |
| Aug | R 1 059 | R 3 000 | R 772 |
| Sep | R 1 059 | - | R 1 831 |
| Oct | R 1 059 | - | R 2 890 |
| Nov | R 1 059 | - | R 3 949 |
| Dec | R 1 059 | R 5 000 | R 8 |
Keep this money in its own account so it is not spent on everyday things. Interest on the pot is ignored. Prices can rise, so round the amount up.
Financial education, not financial advice. Money-Sense does not recommend any product and nothing here is personalised advice. Results depend on the figures you enter and on assumptions that can change. Speak to an authorised financial services provider before you make a financial decision.