Savings are part of the monthly budget, so you can easily manage income and expenses and in case choose to change the budget for a month if there are pressing needs to be met. In such cases, here are some practical tips on how to deal with the unexpected.
It is good to know that.
..cope with unexpected difficulties. Unexpected events involving unforeseen expenses may suddenly appear in the course of life. It is advisable, therefore, to prepare in time to face them calmly. The first step is to ask yourself questions to focus on your needs for peace of mind and develop answers consistent with what you actually have available.
It must be consideredase that.
Some unexpected events, such as the loss of a job, an injury, a traffic accident, or home renovation as a result of unforeseen events, can have a major impact on life. First of all. you need to become more aware of the risks you are exposed to, decide which ones you are willing to take, and establish a scale of priorities.
Meanwhile, it is important tosave as a precautionary measure in order to have the necessary resources to deal with the possible unexpected event; setting aside an amount that is easy to draw on in case of need is a prudent choice.
And if the event catches you off guard instead, you may have to resort to a financing; there are various forms of it, differing in features, cost and purpose. Get help from a trained counselor and take some time to make all the necessary considerations regarding the future commitment of the monthly installment.
Source: quellocheconta.gov
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Learn about other financial best practices
#25 | Be conscious of what you spend
Payment awareness is critical. Very often you buy a lot of things using installments or financing, so you have to be aware of what you are paying month after month.
Good financial advice #24 | Learn to say no
Have you ever found yourself self-imposed a spending limit beyond which not to go, so you can manage to save money at the end of the month? It is certainly not easy to make all the accounts add up.
Perhaps it may help to start using a magic word: no.
Good financial advice #23 | Buy without credit cards
The credit card has the virtue of making people pay for things in a deferred manner, but so it is not possible to have full control over purchases and thus monthly or weekly outgoings. If you want to be in control of your spending at all times, make payments and purchases with your debit card.
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