The Types of Unexpected Expenses
Unexpected expenses are, as the name suggests, expenses that you did not anticipate. Because you did not anticipate them, you might not have money set aside for them. Many people are living their day to day lives with their expenses covered by their jobs, but they might not have any extra money set aside for costs that come along. The stable expenses tend to be things like your mortgage, your car payments, your heating and cooling bills, and your insurance payments. While some of these payments, such as the heating and cooling bills, might fluctuate slightly, they are typically pretty predictable. Your mortgage and car payments stay the same virtually all the time. They are easy to add to your budget. However, unexpected expenses are hard to budget for. If you are making more money than you absolutely need, then you can set aside some money for unexpected expenses. But what do you do if you are not making enough to put extra money away? Payday loans in the UK are a viable solution to certain money problems.
Car trouble is one of the most common types of unexpected expenses. Typically, car trouble comes in two different varieties. Car trouble can be the result of an accident that damaged your car or just a malfunction. These malfunctions or accidents might be incredibly expensive to fix. Also, if your car is not fit to be on the road or if it does not drive properly after the malfunction or accident, you might find your life very disrupted. It might become very difficult for you to get to work. If you have trouble getting to work, then you might not be able to keep your job or you might have to work fewer hours. If you have to work fewer hours, you might have less money. If you have less money, then you can’t afford your different expenses. You can easily find yourself very far behind on your bills and expenses this way. For this reason, it is very important that you keep your car operational. If you do not have a functioning car when you normally do, your life can get much more complicated.
One Time Events
Onetime events are events that are only going to happen once. These could be concerts or sporting events. While the two sides might play again, the game will never be the exact same game. In the same way, you might have another chance in the future to see a certain band or musician, but it will always be different every time. That is just the nature of live events. They are different every time.
Unexpected vacations are another type of one-time events. You might have friends or family that have decided to go on vacation and wanted you to join them, but you do not normally have the extra money. That could be an unexpected expense, especially if you feel obligated to join them. You might not have the money needed to go on the vacation, but they want you to join them anyway.