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#132: How To Handle Unexpected Expenses

#132: How To Handle Unexpected Expenses

FromInspired Budget


#132: How To Handle Unexpected Expenses

FromInspired Budget

ratings:
Length:
24 minutes
Released:
Nov 16, 2023
Format:
Podcast episode

Description

Unexpected expenses can cause a spiral of stress and uncertainty, but what if you could manage them without losing your peace of mind? This episode is all about understanding the concept of an emergency fund, the key to staying afloat in turbulent financial waters, and how our brains often react counterintuitively when an unexpected expense arises. We'll be exploring the art of budgeting, the secret weapon against unforeseen expenses. Learn about the significance of having a miscellaneous budget category, a buffer that could prove to be your financial savior and why ensuring the right insurance coverage can save you from sleepless nights. I'll shed light on how to create this 'buffer' in your budget and guide you on the right amount to allocate to prevent debt when life throws curveballs.Let's change the way we view unexpected expenses by cultivating the right mindset. The philosophy of an emergency fund will be our focus, its role in maintaining our financial balance and how it helps reduce stress in tricky situations. Throughout the episode, I'll be sharing stories from my personal journey, offering you valuable insights into effective financial management. This episode is a must-listen for anyone striving to gain control over their finances and turn unpredictable expenses into manageable events. You Might Like: Grab my FREE Budgeting Cheat Sheet. Follow Allison on Instagram! @inspiredbudget Check out Inspired Budget's blog. Take my FREE class on How to Budget to Build wealth!
Released:
Nov 16, 2023
Format:
Podcast episode

Titles in the series (100)

The Inspired Budget Podcast helps women live their best life and reach their money goals. Join me here for inspiring conversations to help you learn more about budgeting, saving money, paying off debt, and investing for your future. You’ll be hearing not only from me, but others along the way that have a story and voice to share.