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

6 Reasons I’m No Fan of Suze Orman and You Shouldn’t Be Either
6 Reasons I’m No Fan of Suze Orman and You Shouldn’t Be Either

Suze Orman has a huge following. But beware: The self-proclaimed personal finance expert has a track record that suggests more sizzle than steak.

7 Big Purchases You Should Never Make
7 Big Purchases You Should Never Make

Sometimes a big-ticket purchase is nothing more than a big waste of money.

19 Things You Should Never Buy at a Grocery Store
19 Things You Should Never Buy at a Grocery Store

These household necessities are overpriced at the grocery store. Here’s where to get them cheaper.

View this page without ads

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

Get Started

Trending Stories

Comments