Unexpected expense
November 26, 2020
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M What if you could peer into the future and know financial surprises ahead. Consider this. We do! Children’s feet grow. Vehicles wear out; accidents happen. Furnaces get old, rent goes up.
V Note that rarely are any of these less expensive than before. No surprise there. Property taxes, health care costs. I hope we’ve convinced you to save and that we all need that reserve set aside for at least 3- 6 months living expenses. We’re prepared if income shrinks or disappears.
If we dip into that for increased expenses or surprises, we build it up again.
M Here’s what you are saving. Interest incurred on credit cards, AND anxiety that always comes with unpaid bills and unknown futures.