Unexpected large expense
I would appreciate your thoughts on this topic. This week my beloved dog had a very large ($700), unexpected veterinary expense. I have the savings to pay for it (thankfully), so do I even bother to log it into my budget/cover it with savings inflow? Thank you for your thoughts!
Hey Cwren - I hope your pup is doing okay! ❤️Last year mine broke one of her canine teeth in half (long story), and our bill was riiiiiight in that ballpark. Oof.
I'm speculating here, but it sounds like maybe your veterinary expense account isn't included in your YNAB budget, but the initial $700 outflow for this expense occurred in an account that is on-budget. Am I on the right track?
That said, before I dive into all possible solutions, I'd love to hear more about your account/category set up in YNAB so that we can help you account for this correctly. Let us know!
In the meantime, I also wanted to leave you with this article about budgeting your savings that I think you might find helpful.