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Be prepared for unexpected expenses from "summary" of Manage Your Money Like a F*cking Grown-Up by Sam Beckbessinger
Life is full of surprises. And not always the good kind. You know, the kind that leaves you saying, "Well, shit." Like when your car breaks down. Or your washing machine decides to flood your entire house. Those unexpected expenses can really throw a wrench in your budget. But here's the thing: you can't predict when these things will happen. That's why it's crucial to always be prepared for the unexpected. You might be thinking, "But how can I possibly prepare for something I can't see coming?" Well, that's where having an emergency fund comes in handy. An emergency fund is like your financial safety net. It's there to catch you when life decides to throw a curveball your way. And trust me, life will throw curveballs. So having that emergency fund stocked up and ready to go is key to weathering the storm when those unexpected expenses pop up. Now, I know what you're thinking. Building up an emergency fund can feel like an overwhelming task. But it doesn't have to be. Start small. Set aside a little bit of money each month until you have enough saved up to cover at least three to six months' worth of expenses. That way, you'll have a cushion to fall back on when the unexpected inevitably happens. And remember, your emergency fund is for emergencies only. That means resisting the urge to dip into it for non-essential purchases. And if you do have to use it, make sure to replenish it as soon as possible. Think of it as a revolving door – money goes in, money goes out, and then more money goes back in. So, be proactive. Be prepared. Because when it comes to unexpected expenses, it's not a matter of if they'll happen, but when. And having that emergency fund in place will make all the difference when life decides to throw you a curveball.
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