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Making Sense of Money

Plan for the Unexpected!

Plan for the Unexpected!

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What do you do when the unexpected happens?  Things happen and you cannot do much about it.  You cannot plan for every expense, but you can plan for the unexpected!  You can set aside savings for the unexpected as an emergency fund.  Things happen such as illness or your car breaks down.  You probably have some savings, but not enough.  If you don’t, what can you do?

If you are like me, I do not have lots of room in my budget to swallow increased expenses easily.  When my expenses go up, I have to make choices.  I may delay a purchase or just delay it.  I used to do this when I was a Chief Financial Officer (CFO).  As CFO to my personal finances, I plan for unexpected expenses by putting aside savings.  You run into a problem when you do not have enough savings for these unexpected expenses.

If you do not have the savings, you can sell unnecessary things to raise money.  Sometimes that is not a choice because you do not have the time!  Payday loans can give you the cash within hours!  It is fast and easy.  All it takes is a 60 second application.  A short term loan to get you through this unexpected difficulty.  They even put the cash into your bank account.  Plan for your unexpected expenses, but you can be confident there are other choices if necessary.  A quick approval of a cash loan can be one of your choices.  How do you plan for the unexpected expenses?

Photo by: rinkjustice

Comments

  1. I always try to save some cash in case something happens. Although this savings pile is typically meant for vacations and such, I keep an open mind knowing that if an emergency happens I may have to blow it all away. My financial situation is actually tough now – bf lost job so we may have to dip into our savings.

  3. I was lucky, KC. I had a credit score high enough that I could open an instant cash account with my credit union. That gives me access to emergency funds at a lower rate.

  4. I am constantly building my savings for this very reason. We just don’t know what can happen tomorrow and I want to be able to get through the unexpected with as little stress as possible. I’ve been monitoring my credit card expenses much closer this summer and it’s really helped me cut back on unnecessary spending.