FMOOD 0042: Unexpected Expenses - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.

from 2017-01-27T07:00

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How do you handle unexpected expenses? Do you allow them to shred your budget into pieces, or do you mindfully handle the situation to ensure that the impact to your budget is minimal?

 

The best course of action is to not immediately react to an unexpected expense by making the purchase without considering your budget. Instead, you should take some time to work this unexpected expense in with the other items that you have already budgeted for the month. Perhaps you could move some money around or take some money out of other categories to pay for this unexpected expense. In other words, you are taking an action that thoughtfully empowers you. Your behavior should show that you are in control of your money and not the other way around.

 

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