<aside> ☝ Prerequisites

Recurring vs One-time Forecasts

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Review what Nova has identified

Go to Recurring and review the monthly bills and subscriptions Nova has identified:

You can now see the bills you have left to pay for the month in your Balance and Cash Flow forecast charts.

Plan your non-monthly bills

Unexpected expenses can wreak havoc on your finances, especially if you're living paycheck to paycheck. However, while we can't always predict one-off costs like car repairs or medical emergencies, many "unexpected" expenses are actually non-monthly recurring expenses. These can, and should, be planned for. Here's how:

Identify Your Non-Monthly Recurring Expenses

The first step is to list all your non-monthly recurring expenses. This will vary from person to person, but some common examples include:

  1. Insurance premiums (home, car, life, health)
  2. Vehicle costs (registration, servicing, tire replacement)
  3. Taxes (property tax, income tax if self-employed)
  4. Memberships (professional associations, clubs)