The challenge of planning for irregular expenses

Michael Kitces | Pinnacle Advisory Group | 13 November 2012

For most people, an estimate of spending starts with an estimate of the big, recurring expenses every month - the rent or mortgage payment, perhaps a car payment, any loan payments, some other substantial recurring expenses like utilities, telephone, and cable, and then an array of expenses that are somewhat less consistent but known to occur on an ongoing basis like food and household supplies and necessities.