When budgeting, many people prioritize daily expenses, such as shopping, housing, transportation, health, and debt repayment. They often ignore non-monthly bills such as wellness checks and subscriptions.
At first, failing to allocate funds for irregular expenses can seem inconsequential. However, the expenses you don’t consider can lead to financial stress and unplanned debt.

Some of these easy-to-overlook expenses to watch out for when budgeting are:

1. Special Occasions

It is easy to overlook special occasions when budgeting since they occur occasionally. Without budgeting for these events, you will likely use your savings to organize them. Worse, you may overspend in the excitement that accompanies the festivities.

So if you have occasions you value, include them in your budget. The allocation will help you celebrate without compromising your financial goals. As a rule, the budget should include funds for gifts, decorations, entertainment, and meals.

Some of these occasions that you should not omit from your budget are:

• Birthdays
• Father’s Day
• Graduations
• Religious celebrations
• Holidays like Christmas
• Anniversaries
• Mother’s Day
• Vacations

2. Unexpected Emergencies

When you budget, you will probably allocate funds to common emergencies like illness. However, you can often forget to budget for uncommon emergency events. Like any emergency, unexpected issues can put you in financial turmoil.
For instance, emergencies can make you borrow high-interest quick loans or even deplete your savings. Thus, set aside enough money for all possible emergencies when planning your budget.

The budget will serve as a safety net for unexpected expenses. Some of the emergencies classified as unpredictable are major car breakdowns and emergency travel. Unexpected emergencies may also include court costs and job loss.

3. Memberships and Subscriptions

From streaming services to gym memberships, subscriptions comprise a significant part of your budget. Failure to budget for these subscriptions can make you spend money on other obligations. You may even have to give up some subscriptions.

Therefore, make sure your budget includes an allocation for subscriptions and memberships. Begin budgeting by listing all current subscriptions and their estimated costs. Then prioritize the most important and drop the ones you don’t need.

4. Routine Wellness Checks

Routine wellness checks are another expense that is forgotten when budgeting. The reason is that these visits are not related to immediate health problems. Sometimes, you might fail to budget for wellness checks thinking your health insurance will cover them.

Since wellness exams can cost a fortune, include them in your budget. You’d want to find out what services your insurance does not cover. Then, create a budget for essential wellness services not covered by insurance.

Some of these wellness checks could include the following:

• Eye exams
• Dental checkups
• Vaccination
• Alternative medicines
• Dietary supplements
• Cosmetic procedures
• Hearing tests

5. Kids’ Expenses

Many parents often overlook some critical expenses for their children. The parents assume that costs are already covered as long as there is a budget for basic things like school fees. But the budget expenses for a child go beyond basic needs.

Your child may incur extra expenses like field trips, summer camps, and sports fees. Thus, budgeting for your child’s extra expenses at school or home is essential. Review the allocation and adjust it as needs change.

Time To Make a Comprehensive Budget

Overlooking certain expenses in your budgeting can lead to serious financial inconvenience. For instance, this mishap can lead to constant borrowing or even deplete your savings. A budget that includes major and minor expenses can help you avoid these problems. Make sure you don’t overlook items like uninsured doctor visits, momentous occasions, and unexpected emergencies.

Use the tips above to work toward a more secure financial future.