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Big purchase items


Forum: Financial Planning and Budgeting

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  #1  
September 20th, 2011, 09:47 AM
JessP's Avatar Lovin life and family
Join Date: May 2009
Location: Washington
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When you need/want a big purchase item (i.e. car, boat, whatever) how do you work that into your budget?
Do you just start taking some out of another fund and moving it?
Do you plan for a certain amount of cash and time?
Share how you pay/plan for big ticket items.
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  #2  
September 20th, 2011, 04:29 PM
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Join Date: Aug 2005
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When you need/want a big purchase item (i.e. car, boat, whatever) how do you work that into your budget? We usually take half of what we are saving and put it into a separate savings account for that item. Or hubby works overtime and we use his overtime money.

Do you just start taking some out of another fund and moving it? No. Well I guess in a way, but it's in it's separate account.

Do you plan for a certain amount of cash and time? We plan for the cash yes, the time varies based on our bills.

Share how you pay/plan for big ticket items. Say we routinely save $500 a month, then we would put $250 into our regular savings account and put $250 into the special account for the big ticket item. Once we have the amount that we need, then we go purchase it and go back to putting the full amount into our regular savings account.
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  #3  
September 20th, 2011, 05:11 PM
Happy Song's Avatar Nicole
Join Date: Jan 2010
Posts: 10,797
When you need/want a big purchase item (i.e. car, boat, whatever) how do you work that into your budget?We ususally have to wait for a boon like income tax return. But our last two cars cost $1800 and $1500 each and we paid cash the cahs came each time from the tax return.


Do you just start taking some out of another fund and moving it? No

Do you plan for a certain amount of cash and time? No

Share how you pay/plan for big ticket items. When we get extra money we go over the list of needs we have and the list of wants we have nd if we have anything left over after we pay whatever is on fire at the moment then we'll buy what we want/need.
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  #4  
September 20th, 2011, 07:40 PM
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Join Date: Oct 2006
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Anything extra beyond the bills is going to savings so when we need/want a larger ticket item we take the money from there when the time is right/there is still an amount in savings we are happy with.

Hubby's flying/airplane hobby runs quite a bit consistently, so the money he makes from teaching on the side goes into a separate account to cover those expenses.
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