Money Minute: Budgeting for big expenses

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    Money Minute: Budgeting for big expensesMoney Minute: Budgeting for big expenses

Now is the time to make sure your budget includes your biggest expense of the year.

“Plan for some big-ticket items, whether it be home improvements or a vacation,” said Pete Eckerline, managing director-financial advisor at RBC Wealth Management.

To do that, look at your budget.

“It’s a great time of year to start out to take a look at, first of all, your balance sheet,” Eckerline said.

He says if you budget for things that cost a lot early, you can adjust the budget accordingly and help you plan for the day-to-day expenses.

Click here for a cash flow planner from LSS Financial Counseling.

The post Money Minute: Budgeting for big expenses first appeared on KSTP.com 5 Eyewitness News.