Budgeting is one of the important things to do if you want to be successful in life. A good budget will enable you save for the future. While creating a budget, there are some expenses you are likely to forget. Here are four expenses destroying your budget;
1. Dining out
Many people find it hard planning for the money they will spend out when dining. Your dining habits can be influenced by your workmates and friends. Make sure you do not consume more than what you planned.
2. Fluctuating Electricity bills
Energy bills are ever fluctuating. You might have planned to spend a certain amount on your electricity bill only to be presented with a higher bill. You need to anticipate for extra costs as far as power bills are concerned.
3. Medications
It is never easy to plan for medication. A health cover could save you from spending a large part of your income on medication. While saving for emergencies, ensure you put aside some money for medications purposes. Your health matters and you cannot afford to take anything for granted.
4. Transportation
Commuting to your place of work can be costly. The fares often change over time. You are likely to end up spending more than you planned. It is recommended to spare extra cash for your transportation.