Unexpected Expenses: Share your experience with sudden things that make you spend out of budget.

[Kross]

Life is not set in gold. There are times that some unexpected expenses would just come up and you don't have any choice than to ditch your budget. Someone bashed my car once and I had to spend unbudgeted funds to fix it.

 

[Springtime]

Recently, the water pipes in my apartment were broken, leaking out a lot of water. I have to find someone to replace them with new pipes. It costs me a lot of money.

 

[Suba]

Unexpected expenses, often will happen to everyone, personally I often get these unexpected expenses such as, the arrival of old friends, receiving news that parents are sick so they have to go out of town, car damage etc. You don't need to waste your budget, but you have to allocate some money for unexpected expenses,

 

[freelancermaria]

I recently had to send money to my parents because my father needed it for his medication. It was not a problem since I had some extra cash then. However, there are many occasions when I do not have any spare money, which can be too challenging.

 

[Stardom22]

Mostly when l experience some financial emergency needs l usually go for loans that helps me sort up the issue at hand and repay back promptly.

 

[Kera]

I had to spend some money to bail my brother yesterday from the police because he had a fight with someone and was arrested.

 

[Fidelia]

My sewing machine had a major fault that needed me to replace the engine. And I had to do it within same day else I won't be able to work and earn anything. I had to spend money unexpectedly.

 

[Nomad]

That's where emergency funds come in. If you have unexpected expenses, you can use your emergency funds, and then gradually the emergency funds again

 

[gwolf666]

some accident or some failure in a tool, for example a car accident that requires spending money to repair it, another example some failure in the computer, that something does not break down, that it fails or that it simply does not work, having to use it yes or If I should spend money to fix it and these types of things are what would make me spend outside of budget

 

[King Belieal]

That's where emergency funds come in. If you have unexpected expenses, you can use your emergency funds, and then gradually the emergency funds again

Does it make sense to touch the emergency savings for some minor and common emergencies like fixing a minor fault in a car?

 

[Fidelia]

I think it is because of these unexpected expenses that people might have to anticipate and plan for some expenses that might occur and fix them before they happen.

 

[Nomad]

Does it make sense to touch the emergency savings for some minor and common emergencies like fixing a minor fault in a car?

The answer depends on how fast can you replenish your emergency funds. If you use emergency funds and then after sometimes you again replenish your funds, there is no harm in this

 

[neku]

Since I do not have a job I often have to visit my relatives who are senior citizens and are not well, incurring travel expenses.
Also since the government agencies, tech, internet companies are openly involved in online, financial fraud, slavery of online workers, investors, refusing to acknowledge the time and money which they spend, my social status has been adversely affected , my house is vandalized, burgled repeatedly , I have to change homes often, spending a lot of time and money, moving from one place to another.