Home : Planning Your Finances : Planning Tools : Hidden Expense Calculator
It is easy to calculate normal monthly expenses by tracking your expenditures over the course of 30 days. The
problem is that many people then use these numbers for planning purposes, and are then surprised when things
like car insurance or property tax bills pop up unexpectedly. A better way to deal with these "hidden
expenses" is to calculate them ahead of time and handle them on a monthly basis just like any other bill.
Each month simply set a fixed amount of money aside in a separate account to pay for hidden expenses when they pop up.
The calculator below will help you discover your hidden expenses. Its goal is to try to remind you of all of the different
bills that crop up just once or twice a year. The calculator will estimate the total amount due for all of the hidden bills listed
and then divide that amount by twelve to give you an accurate monthly set-aside number.
This calculator is furnished by Smartmoney. Smartmoney is not associated with Transamerica Life Insurance Company nor any of its affiliates.
While Transamerica provides this calculator as a service to its clients, Transamerica does not guarantee its accuracy, nor does Transamerica give tax or legal
advice. Clients and prospects must consult with and rely solely upon their own independent advisors regarding their particular situation.
The results and explanations generated by this calculator are hypothetical and will vary due to user input and various assumptions.
Transamerica does not guarantee the accuracy of the calculations, results, explanations, nor their applicability to your specific situation.
We recommend that you use this calculator as a guideline only. A Transamerica representative can help you with the calculator and your results, and answer
any questions you may have.
SmartMoney.com © 2007 SmartMoney. SmartMoney is a joint
publishing venture of Dow Jones and Company, Inc. and Hearst Communications,
Inc. All Rights Reserved.
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