How Do You Budget for Subscriptions That Are Yearly?

General
1

Hi guys

I’m trying to get into budgeting, but I’m confused about how to handle yearly subscriptions. Where do you place those budgets? Should I budget for them monthly, or only on the month the subscription comes due?

Would they be part of the monthly budget as a fixed expense or part of a sort of sinking fund account? I’m a bit confused because if I budget monthly, the money doesn’t really go anywhere until I have to pay the actual subscription.

Thanks for any advice :blush:

2

Mark renewal dates on your calendar to ensure you have enough funds when payments are due. review your subscriptions annually to determine if any adjustments are necessary.

3

I decide on a total amount I want to save or spend each year. At the start of each month (or whenever I remember), I choose all the categories I need to pay for and click a button to pay for them all at once. I make it easy by using a category called “subscriptions” and break them down into monthly payments.