A Better Way to Manage Your Everyday Money - Book - Page 83
●
●
●
●
Medical/dental care
Household services (plumbing, electrical)
Contractors
Veterinary services
Then there are the emergency expenses that are totally unexpected. These bills could require
only one payment, which could be large. An unexpected, due-on-receipt bill payment often
translates to unexpected debt if you do not have cash in an emergency fund to handle the event.
In PerNetFlow, you can set up an automatically maintained emergency fund for unexpected
expenses such as:
● Repairs (auto, household, etc.)
● Urgent medical/dental care
Types of bills
Bills are categorized in PreNetFlow by whether
or not the payments are due on a relatively
fixed schedule with fairly consistent payment
amounts.
● Regular bills - Payment amounts are
fairly consistent. Payments are due on a
predictable schedule. The payment
amounts for regular bills may vary
slightly from one payment to the next,
but there is a predictable maximum for
each payment that can be used for planning. In PerNetFlow, regular bill payments are
automatically scheduled for the lifespan of the bill. Examples of regular bills with fixed
payments are:
●
●
●
●
●
Rent, house payment
Entertainment (internet, Dish, Netflix, Amazon, Hulu, etc.)
Subscriptions
Memberships
Loan payments
Examples of regular bills that normally have variable payment amounts could include:
● Utilities
● Telephone
73
