what's the best way to set up a budget for things like tiyulim, gifts for the teachers, etc. These little bits of cash that are requested throughout the year I figure throughout the year this will probably cost me like 500 shekels

Hi Avi! Setting up a budget for small expenses like tiyulim (trips) and gifts for teachers can be simple. Here’s a step-by-step way to do it, just like you’re in 4th grade, so it’s easy to understand and follow along. Let’s break it down into easy steps for you to follow throughout the year to manage the 500 shekels you expect to spend on these little bits of cash requests. Here’s how you can do it: 1. Estimate Your Total Annual Cost: You already did this! You think it will be around 500 shekels for the whole year. 2. Divide by Months: Since there are 12 months in a year, divide 500 shekels by 12. This gives you about 42 shekels per month. 3. Set Aside Money Monthly: Every month, put 42 shekels into a special place. This could be an envelope, a jar, or a separate part of your bank account. This way, you’ll have the money ready when you need it. 4. Track Your Spending: Each time you spend money on a tiyul or a gift for a teacher, write it down. This helps you see how much you’ve spent and how much you have left. 5. Adjust if Needed: If you find that you’re spending more or less than you planned, you can adjust the amount you set aside each month. Maybe you need to save a little more or a little less. 6. Use a Simple Budgeting Tool: You can use a simple budgeting tool or app to help you keep track of your money. Some popular ones are YNAB (You Need A Budget), Mint, or even a simple spreadsheet. By following these steps, you’ll be able to manage your small expenses without any stress. You’ll always have the money ready when you need it, and you won’t have to worry about where it’s going to come from. Good luck with your budgeting, Avi!

500/12 = 42 New category for “gifts” with a monthly target of 42 shekels. You can see in my budget i have a similar thing for gifts. https://frumfinance.slack.com/archives/C07NRUGJ8E8/p1728953701698179

I have one called Teacher’s Chanukah Gelt.

why wouldn't you have one that includes all the gifts (chanuka, pesach, end of year, etc.)

that’s what i do, but not everyone gives all of those gifts

@mysterious-tomato-10057 question about your budget we just got haircuts yesterday, so I figured we should add a category for haircuts I just happened to notice that you do not have such a category

Screenshot_20241118-094536.png

whatever you posted above I see Wants - Optional & Lifestyle Expenses Lifestyle Set Aside Another 45 Each Month the End of the Month 540

Are you on a phone?

nope

Download the csv and open and you'll see a haircut category

I did I have it open in now in libreoffice...looking at row 58

Perfect so you see I do have haircuts. Great.

well i see from your screenshot, but it's not showing in the CSV....anyway...you answered my question

yeah I must have added the word haircuts to that category after I exported. Lifestyle is the same thing.