5 Things We Tend to Forget in Our Personal Budget

Personal BudgetIf you’re like most people, you make an annual/monthly budget and later discover that you forgot to include all sorts of expenses. Let’s take a look at some of the most common things that people forget to budget for. This way, you won’t have to scratch and claw to make ends meet because you’ll have prepared for potential expenses ahead of time.

Maintenance

The things we use in our daily lives are built to break. Product manufacturers predominantly abide by the concept of planned obsolescence. This is a term that refers to the intentionally limited lifespan of consumer products. Do yourself an enormous favor by budgeting for such malfunctions before they actually occur. This way, if your car requires a repair or if your computer won’t start, you’ll have the necessary funds for a repair/replacement.

Life Insurance

It’s easy to overlook the cost of life insurance when planning a budget. Consider what you’ll do for insurance if you lose your job. Or, maybe you’ll add a dependent this year. If such a situation arises, you’ll need money for monthly life insurance premiums. Even if you don’t plan on adding dependents in the near future, it’s still prudent to set funds aside for life insurance just in case the worst case scenario comes to fruition.

Savings

Some people really do forget to budget for retirement. Most people can’t resist spending on items and experiences they desire today. Think ahead to your golden years. Save money from each paycheck so you have funds available for your 60s, 70s and beyond. If your employer offers matching contributions for a 401(k) or other savings plans, enroll and create a budget that dedicates money for that plan.

Gifts

Plenty of people fail to budget for gifts. Consider just how much you really spend on presents for birthdays, Christmas, weddings, anniversaries and other special events. Blowing through your budget before a major holiday will prevent you from buying nice gifts for your family members and friends. So budget in a good amount of money for gifts at the beginning of the year and you’ll be able to brighten the lives of those around you.

Leisure Time

Most budgets are centered on mortgage payments, insurance payments, food costs, utility bills and other necessities. Don’t forget to set aside some funds for travel and fun.

For the first time last spring, Americans spent more money eating out than we did buying groceries. With the average...
Did you know? Americans spend approximately $1700 each year on clothing and accessories alone. That’s an average of about $140...
The last thing you need is to be the victim of a robbery while on vacation or a business trip....
Americans spend a lot of cash every year on insurance of all types, including health, home and auto insurance. However,...
There is a prevalent belief that going into overdraft on your bank account is actually cheaper than taking out a...
If you find that you can’t meet your savings goals or that you have fallen behind on that ever-mounting credit...
Maybe you don’t have the budget to embark on an extensive adventure or perhaps you just don’t have the time...
Too often, it feels as if you cannot possibly have a baby and still save money at the same time....
College has long been an important step on the path to securing a better life. However, its importance has increased...
Navigation
Google+ Twitter Facebook


Northcash is an economic arm of the Fort Belknap Indian Community, a federally-recognized Indian tribe located in Hays, Montana. The Tribe and its businesses have governmental sovereign immunity and have not and are not waiving that immunity for any purpose associated with the consumer lending business of Northcash and therefore Northcash is not subject to suit by you or any third-party for any reason. CAUTION: IF YOU ARE NOT COMFORTABLE DOING BUSINESS WITH A SOVEREIGN INDIAN TRIBE THAT IS NOT SUBJECT TO SUIT, YOU SHOULD IMMEDIATELY DISCONTINUE USING AND ACCESSING THIS SITE. We may from time to time in our sole discretion and without notice to you modify the terms of this Agreement and/or change the rules that govern your use of our Site.

Who is providing this notice?

North Star Finance, LLC d/b/a Northcash, an economic arm of the Fort Belknap Indian Community.

This is an expensive form of borrowing, and it is not intended to be a long-term financial solution. Northcash loans are designed to assist you in meeting your emergency borrowing needs. The Annual Percentage Rate (APR) applied to your loan will vary depending on the pay period with the maximum APR on any Northcash loan being 795%. This is a term installment loan with approximate equal payments, but you have the right to prepay at any time. Any instances of late or non-payment may be subject to additional fees, such as NSF and late fees, as well as collection activities Before borrowing, we ask that you assess your ability to repay the amount you borrow.

You acknowledge that by submitting and completing the loan application that you are applying for a loan. We verify loan applicant information through credit reporting agencies such as Clarity, Factor Trust, and DataX. We may obtain your credit information in order to determine your eligibility and ability to repay.

Northcash does not lend to residents of Arkansas, California, Georgia, Maryland, Minnesota, Montana, New York, Pennsylvania, Virginia and West Virginia, or to members of the military or their dependents.

The availability of online installment loans are subject to change at any time at the sole discretion of Northcash.


OLA Badge