smart spending

5 critical items for any budget

Big purchases
Next
3 of 7
Back
Miniature house on top of money bill

Want to go on vacation? Buy a car? Make a down payment on a house? Put a new roof on the home you've got? Make it a budget item.

If you've got a big expense planned, get that money "off the table before it gets into your checking account," Cabaniss says.

Be willing to rethink your budget and your plans. If you're craving a $5,000 vacation and need another $10,000 for a list of large expenses, "that means you'll have to take more than $1,200 a month from the paycheck for a year," she says. But "you may say there's no way we can cut $1,200 from our monthly spending," she says. "So you go back and do the best you can."

"It's a back-and-forth process." You may have to scale back your vacation or the list of "special" purchases you're planning on making this year, she says.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.08%  0.04 4.12%
15 year fixed refi 3.18%  0.03 3.21%
10 year fixed refi 3.21%  0.04 3.25%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.30%  0.03 4.27%
50K FICO-based HELOC 3.96%  0.01 3.97%
100K FICO-based HELOC 3.81%  0.01 3.82%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.75%  0.10 2.85%
48 month used car loan 2.99%  0.07 3.06%
60 month new car loan 3.20%  0.05 3.25%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.99%  0.01 0.98%
2 Year CD 1.22%  0.02 1.20%
5 Year CD 1.87%  0.04 1.83%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.76%  0.01 15.77%
Cash Back Cards 16.44%  0.04 16.48%
Low Interest Cards 11.04% --0.00 11.04%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us