Let’s say, if you don’t account for it, you’ve got two car rego’s and they all come in the same week, you’re probably not going to have enough money to pay that if you’re following the system in your living expenses account.
We’ve set up a separate account for irregular bills such as insurances, regos, rates, water bills, gas, all that stuff that’s not weekly. My context is weekly, yours might be fortnightly or monthly.
How often you get paid, you need to set aside money so that you’ve got enough cash in that account to pay that bill in full when it arrives.
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Your friends or family will thank you later.