Just when you seem to be reaching a point of financial stability,
something happens. Your car is involved in a fender-bender, your child
needs expensive braces, you drop your smartphone in the toilet… those
are just a few of your annoying unexpected expenses.
What’s the best way to combat this problem? Expect the unexpected and plan for it.
You don’t know exactly what unpredicted expenditures you will incur (after all, if you did they wouldn’t be unexpected). However, you can be pretty sure that some kind of unexpected cost will pop up during the year.
A 2014 survey conducted by American Express showed that 46% of survey respondents experienced unexpected car-related expenses, 44% incurred unexpected healthcare costs, and approximately one-third were hit with household repairs. In total, almost half of the respondents were hit with unforeseen expenses.
Meanwhile, another survey determined that almost 40% of Americans don’t have the money in their bank account to cover these unanticipated outlays. A different survey from The Employee Benefit Research Institute (EBRI) shows that bank accounts and investments totaled less than $1,000 for 36% of Americans. These days, one good repair bill could wipe out that $1,000 – not to mention a medical bill.
Read more at Click here / www.trade4x.net
What’s the best way to combat this problem? Expect the unexpected and plan for it.
You don’t know exactly what unpredicted expenditures you will incur (after all, if you did they wouldn’t be unexpected). However, you can be pretty sure that some kind of unexpected cost will pop up during the year.
A 2014 survey conducted by American Express showed that 46% of survey respondents experienced unexpected car-related expenses, 44% incurred unexpected healthcare costs, and approximately one-third were hit with household repairs. In total, almost half of the respondents were hit with unforeseen expenses.
Meanwhile, another survey determined that almost 40% of Americans don’t have the money in their bank account to cover these unanticipated outlays. A different survey from The Employee Benefit Research Institute (EBRI) shows that bank accounts and investments totaled less than $1,000 for 36% of Americans. These days, one good repair bill could wipe out that $1,000 – not to mention a medical bill.
Read more at Click here / www.trade4x.net
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