Plan now for seasonal expenses

Managing household finances can feel straightforward when expenses seem predictable, but for many older Australians, costs fluctuate significantly throughout the year. 

Understanding these patterns – and planning for them – is key to avoiding financial stress.

Electricity bills are a prime example of seasonal variation. In the colder months, heating systems work overtime, while in the height of summer, air conditioning becomes essential. Both extremes can lead to spikes in power bills, often catching householders off guard. 

If you’re on a quarterly billing cycle, these higher charges can arrive suddenly, making it crucial to set aside extra funds during milder months when usage is lower.

Beyond energy, other large expenses such as council rates, water charges, car registration, and insurance premiums often fall quarterly or annually. These bills can feel like a shock if you haven’t budgeted for them. 

A good strategy is to calculate the yearly total and divide it into monthly amounts, setting aside that sum in a dedicated account. This way, when the bill arrives, you’re prepared.

Life’s celebrations – birthdays, anniversaries, and festive holidays – bring joy but also additional costs. Gifts, travel, and entertaining can quickly add up.

One solution to this problem is to create a “special occasions” fund to ensure these moments remain enjoyable without straining your finances. 

Track your spending for three months to identify trends. 

Use a calendar – either a physical one or an app on your phone – to mark due dates for major bills. 

Consider setting up automatic transfers to a special account for future expenses. 

By anticipating these fluctuations, you can enjoy the year without financial surprises. A little planning now means more freedom later – and that’s something everybody deserves.