Don't Underestimate the Negative Impact of Unexpected Costs: Agree or Disagree

[Suba]

When we design a financial plan, we often forget to include unexpected costs that arise outside our budget. Some examples of unexpected costs include electronic equipment breakdowns, broken laptops, PCs, smartphones, and vehicle repairs. Many people often dismiss unexpected costs as trivial, but if we don't plan for them, they can disrupt our financial situation and even cause stress. Therefore, it's crucial to plan and anticipate unexpected costs that often arise from various angles. This can be done by setting aside an emergency fund as needed, regularly evaluating our financial situation at least monthly, and having insurance as needed.

 

[eLdavis]

Unexpected cost has actually done a lot of damage to my financial life, it often scatters your plan and sets you backwards if care is not taken.

 

[Kross]

Unexpected costs can make all your financial plans vanish and it seems like you never planned anything.

 

[Springtime]

That's why we need to have an emergency fund. Taking out insurance policies is also important.