Can you believe that we’re almost into the second month of the year? February is the shortest month of the year. If you do your budget monthly, it should theoretically feel like you have extra money… but it never feels that way to me! Here are some things you might be forgetting from your February budget:
February Budget Items
1. Valentine’s Day
My family doesn’t spend much on Valentine’s Day. If your family does, you might want to budget for flowers, candy, a dinner out, or kids’ classroom treats.
2. Birthdays and Anniversaries
I know that not everyone will have birthdays and anniversaries this time of year, but I know many that do! My family is full of January and February birthdays and anniversaries. My daughter’s birthday is coming up in February. I’m thankful that she wants a simple sleepover party since it will be fun and inexpensive. I will make sure there is enough in the gift budget for her.
3. Pool Pass Pre-sales
Many community pools offer cheaper prices this time of year. If you’re planning to get a pool pass for the summer, check for winter deals!
4. Super Bowl Parties
Do you love to watch the Super Bowl with friends… and plenty of beer and snacks? Maybe add a little extra to the grocery budget to cover it all.
5. Income Tax Bills
If you file your tax return early and you owe money, you can take until April 15th to pay your balance due with no penalties. Therefore, it’s a good idea to file early if you suspect you owe. Then you will have time to prepare to pay the tax bill. Once you know how much you owe, you can put aside a portion each month and pay your bill on time.
6. Presidents Day Sales
President’s Day sales usually focus on home goods like bedding and kitchen appliances. If you’re in the market for one of these items, it’s a good time to buy. Just make sure to budget for it and don’t get pulled into spending more than you planned for!
7. Sinking Funds
Have you started some sinking funds to plan ahead for vacation, Christmas, a car purchase, or a home improvement project? Make sure you are including it in your budget every month and allocating enough money for it.
Did I forget anything that you need to add to your February budget? Comment below!