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an Elementary School Music Teacher
Hi fishes! I had asked for benefits other than CTC which Bank of America provides & now that I've completed 1 month here, here's the list of allowances you'll be getting irrespective of position/band:
1. Sodexo: 1300 p.m./ 15,600 p.a.
2. Transport allowance: 900 one way, 1800 two ways p.m./ 21,600 p.a.
3. Internet: 1500 max p.m. (other than that, one time installation charges)
4. Tuition fee: Any certification related to your field. Like CFA, FRM etc. 3,00,000 p.a.
(See Comments)
Chief
Additional Posts in Consulting
There is a man on my train holding a BLACKBERRY.
8 to a 100!
Has anyone bought an X-Chair office chair?
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What about your personal financial situation requires you to do accruals?
Absolutely nothing, I am interested in hearing how others approach it.
Chief
Trips are a yearly line items spent as need/opportunity arises.
Agreed - have a yearly travel budget or have budgets for specific trips; I have 2 trips in the fall, they each have their own budget (one is a wedding, the other is a vacation, so different purposes and expenses for each).
How would categorizing those expenses by month help you exactly?
I think OP is thinking about maintaining a monthly budget and associating expenses to when the trip happened. I think you can think about it one of two ways: 1. Match the expenses to the trip (essentially, accrual accounting) or 2. When you pay the expense (essentially, cash basis accounting). If you want the best view of your spend by month, I’d go with #1. If you want a view of how your cash flow changes, then #2.
Personally, I tend to leave whatever loads through on mint, but will occasionally shift by a day or two if doing so gets the expense to the month or should have been in.
Yearly travel budget/12 applied each month
Could you pay for most of the trip before you get there? On group trips, we pay for flights (obviously), AirBnB’s, rental cars and major excursions before the trip… planning is done well in advance though 6+ months out
It’s logged as an expense as of whatever date the credit card company says I bought it. Can’t say I’ve ever given it a second thought beyond that.
I treat it as a rolling budget, contributing a fixed $$ amount each month, so most months it will just grow by that amount. Anything I spend comes out of that budget when it’s spent.
I’ll treat gifts, car repairs, and other occasional large expenses the same way.