Key Highlights
- Thankfully, these non-monthly expenses don’t happen every day — but when they do, they can drain your bank account or force you into debt.
- Up Next: Suze Orman Reveals the No.
- 1 Bill You Should Pay First Each Month For You: 6 Things You Must Do When Your Savings Reach $50,000 Irregular expenses — expenses that fall outside your regular monthly budget — will come up.
- You can’t avoid them, but you can avoid being financially ruined by them if you embrace a simple savings trick.
- We turned to Thomas Kopelman, co-founder and lead financial planner at AllStreet Wealth, as part of our Top 100 Money Experts series to learn more about how to use an underappreciated savings tool called a sinking fund to handle irregular expenses.
