Reading through bloglovin I found The top five unexpected costs which could catch you out this year. It’s useful because it makes some simple but crucial points that aren’t obvious to everyone.
- Car Repair
- Tech Breakdown
- Vet Bill
- Washing machine repair
- Opticians bill
A lack of savings
This is the biggest reason people make rash decisions like getting sudden loans. It’s also a large reason many companies fail. Some unexpected cost occurs and you don’t have the cash around in an account or somewhere to pay for the repairs or a replacement.
Preparing for the unexpected
I hadn’t realised but saving £3 a day adds up to £1,095 a year. That’s a lot of money to get you out of a jam. It is also £21 a week or £84 every four weeks. So it’s not so trivial but it is also the cost of
- a beer, coffee or other drinks
- a magazine
Car bills have been the most common challenge and they can add up quickly. When you only have one car you cannot go long at all without it. Tech is also crucial to us, like many it’s key to running our lives. Phones and the like have had their problems and quick fixes and replacements are critical.