Life is uncertain and our financial life is no exception. Many people are caught unaware when something breaks and then are faced with a difficult financial situation. Unexpected circumstances come into play every so often so how do we deal with these expenses?
As much as I’d like for life to be easy, it’s not. The truth is, life can be tough. It’s not always rainbows and unicorns. Unexpected expenses are a part of life. Luckily, having money in savings can make life a little easier. Read on to find out how to save money for unexpected expenses.
Not everyone has money in savings, which is why I’m writing this post. I hope this post will help you figure out how to spend less and put more in savings for a rainy day. But first, a little background info:
I recently had a talk with my mom about finances. She was feeling really bad about all that life was throwing at her. I had to remind her that life is shitty. It’s not easy. Not having money in savings makes it even harder. My mom, like millions of other Americans, mostly lives paycheck to paycheck. For her, and everyone else living paycheck to paycheck, the little bumps in the road of life can be disastrous. If you live paycheck to paycheck you will never be able to deal with small financial issues. An unexpected expense like buying new tires can seem like a really tough problem.
I’ve also been bothering my sister about this lately because she just bought a new car. While her car payment is very affordable, her insurance is not. I want to make sure everyone, not just my family, knows these little tricks for putting money in the bank.