Sometimes You Need a Boost: Know What to do When Unexpected Expenses Pop Up

Having to face a situation that involves unexpected expenses can be stressful beyond belief. Before you know it, you may be forced to shell out this month’s grocery money just to cover them. What a disaster, right? Fortunately, there are a couple of things you can do to remedy the situation, and today, we’re going to cover some of them.

Evaluate the level of urgency

For example, let’s imagine one of your chairs has collapsed. Is someone coming over and you absolutely need to make a good impression on them? If this is the case, then you probably have no choice but to get it fixed or replaced as soon as possible. But if it can wait, try to delay it as long as possible (in the meantime, try to sit on a wooden box or something equally as clever).

Can you use some of your monthly budget to make a payment?

If the expenses are manageable, perhaps you can sacrifice a couple of cups of coffee this month to pay for them? In case you’re using some of your funds to live comfortably (like eating at expensive restaurants a couple of times per week), you can cut out the expenses and divert the money towards the emergency that has popped up.

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Are quick-fixes viable?

If you’ve cracked your phone screen, can you live without it being like new? If not, you can still buy the cheaper alternative (a plastic cover). A punctured tire can get pumped up if the air is not leaking out at a fast rate. No matter what the case may be, the general idea is to find a way to buy yourself more time until you have enough money to consider a permanent solution.

Finding the cheapest service provider

If funds are tight, you might consider looking up the cheapest service provider who can remedy your particular situation. Normally, you wouldn’t want to do this, since picking the cheapest option introduces the risk of stumbling upon a low quality service provider, but if you’re in a financial pinch, you may need to make some compromises here and there.

Ask your friends for help

Let’s say you’ve scheduled a job interview for an important position and you simply don’t have any suitable clothes to wear. Do you have some friends you can borrow them from? This is especially wise if you’re only going to need a certain item for a single occasion, and buying it would sort of be a waste of your money anyway.

Getting a loan

When all else fails (and none of our other advice applies to the situation you’re in), there’s always the option of getting a loan. People often tend to shy away from it since they don’t like to see their loan applications rejected again and again, but if you stick to loan providers with high approval rates such as the King of Kash, it’s only a matter of time before your loan request finally gets approved.

Conclusion

No matter what you do, don’t panic! The solutions we’ve presented in today’s article are likely to get you out of trouble, at least for the time being. If all else fails, getting a loan is not the end of the world either.

Jesse Fin
 

Jesse worked as a journalist for a large tv station in Korea in her past life. She now works full time at home as a blogger and loves to help her friends manage their personal budgets.

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