How to Avoid Being Surprised by 7 Nasty Expenses

Couple looking at bills.Stokkete / Shutterstock.com

Unexpected expenses are bound to happen. Cars break down, roofs leak, and faulty plumbing floods homes.

Yet 4 out of 10 adults would be unable to cover an emergency expense of $400 without borrowing money or selling possessions, according to a 2018 report from the Federal Reserve.

One way to be prepared is to build an emergency fund that is big enough to cover all of your living expenses for months so you could weather a job layoff without going into debt. You should also protect yourself by buying homeowner, health and auto insurance — among other financial products we cite in “10 Things You Need to Attain Lifelong Financial Stability.”

Following are some of life’s most unpleasant expenses that can catch you off-guard, and more strategies for coping with them.

Popular Articles

11 Free Ways to Research Your Family History
11 Free Ways to Research Your Family History

Forget subscription-based genealogy sites. Use these free databases, instead. They are a treasure trove for family history researchers.

18 Things Your Grandchildren Will Never Understand
18 Things Your Grandchildren Will Never Understand

How many of these once-familiar toys, tools and implements of a bygone era do you still have at your house?

8 Things You Should Never Put in the Microwave
8 Things You Should Never Put in the Microwave

A microwave oven can be a busy cook’s best friend. But trying to heat these things inside a microwave can cause disaster.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments