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How to Handle Unexpected Expenses

Written by Tim Peak on May 5, 2011.

As much as you try, you can’t predict every single expense you’ll have. But, since we know unexpected expenses will come occasionally, we can set up a savings account known as an emergency fund to pay for these expenses. The key to a useful emergency fund is to set it up ahead of time so the money is there when you need it.

The good thing about an emergency fund is that it keeps you from having to use a credit card or expensive payday loan to cover unexpected expenses. You spend money you already have instead of spending money you’ll have to eventually pay back.

If you have to use a credit card to cover an emergency, use a card with the most available credit and the lowest interest rate. Pay back the balance as soon as possible to avoid debt and finance charges.

Image: Steven Puetzer/Getty Images

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    How to Handle Unexpected Expenses

    Written by Tim Peak on May 5, 2011.

    As much as you try, you can’t predict every single expense you’ll have. But, since we know unexpected expenses will come occasionally, we can set up a savings account known as an emergency fund to pay for these expenses. The key to a useful emergency fund is to set it up ahead of time so the money is there when you need it.

    The good thing about an emergency fund is that it keeps you from having to use a credit card or expensive payday loan to cover unexpected expenses. You spend money you already have instead of spending money you’ll have to eventually pay back.

    If you have to use a credit card to cover an emergency, use a card with the most available credit and the lowest interest rate. Pay back the balance as soon as possible to avoid debt and finance charges.

    Image: Steven Puetzer/Getty Images

    Similar Posts:

    Share

    Post Comment

    How to Handle Unexpected Expenses

    Written by Tim Peak on May 5, 2011.

    As much as you try, you can’t predict every single expense you’ll have. But, since we know unexpected expenses will come occasionally, we can set up a savings account known as an emergency fund to pay for these expenses. The key to a useful emergency fund is to set it up ahead of time so the money is there when you need it.

    The good thing about an emergency fund is that it keeps you from having to use a credit card or expensive payday loan to cover unexpected expenses. You spend money you already have instead of spending money you’ll have to eventually pay back.

    If you have to use a credit card to cover an emergency, use a card with the most available credit and the lowest interest rate. Pay back the balance as soon as possible to avoid debt and finance charges.

    Image: Steven Puetzer/Getty Images

    Similar Posts:

    Share

    Post Comment

    How to Handle Unexpected Expenses

    Written by Tim Peak on May 5, 2011.

    As much as you try, you can’t predict every single expense you’ll have. But, since we know unexpected expenses will come occasionally, we can set up a savings account known as an emergency fund to pay for these expenses. The key to a useful emergency fund is to set it up ahead of time so the money is there when you need it.

    The good thing about an emergency fund is that it keeps you from having to use a credit card or expensive payday loan to cover unexpected expenses. You spend money you already have instead of spending money you’ll have to eventually pay back.

    If you have to use a credit card to cover an emergency, use a card with the most available credit and the lowest interest rate. Pay back the balance as soon as possible to avoid debt and finance charges.

    Image: Steven Puetzer/Getty Images

    Similar Posts:

    Share

    Post Comment

    How to Handle Unexpected Expenses

    Written by Tim Peak on May 5, 2011.

    How to Handle Unexpected Expenses

    Written by Tim Peak on May 5, 2011.

    As much as you try, you can’t predict every single expense you’ll have. But, since we know unexpected expenses will come occasionally, we can set up a savings account known as an emergency fund to pay for these expenses. The key to a useful emergency fund is to set it up ahead of time so the money is there when you need it.

    The good thing about an emergency fund is that it keeps you from having to use a credit card or expensive payday loan to cover unexpected expenses. You spend money you already have instead of spending money you’ll have to eventually pay back.

    If you have to use a credit card to cover an emergency, use a card with the most available credit and the lowest interest rate. Pay back the balance as soon as possible to avoid debt and finance charges.

    Image: Steven Puetzer/Getty Images

    Similar Posts:

    Share

    As much as you try, you can’t predict every single expense you’ll have. But, since we know unexpected expenses will come occasionally, we can set up a savings account known as an emergency fund to pay for these expenses. The key to a useful emergency fund is to set it up ahead of time so the money is there when you need it.

    The good thing about an emergency fund is that it keeps you from having to use a credit card or expensive payday loan to cover unexpected expenses. You spend money you already have instead of spending money you’ll have to eventually pay back.

    If you have to use a credit card to cover an emergency, use a card with the most available credit and the lowest interest rate. Pay back the balance as soon as possible to avoid debt and finance charges.

    Image: Steven Puetzer/Getty Images

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