After Budgeting, How Do I Deal With Unexcepted Expenses?

[Furious 7]

I think it depends on us and what unforeseen needs really require us to spend money because indeed when this condition was before we were unemployed it was clear that we meant having a job and of course people who manage their finances well clearly know they have to put some of their money for needs which was unexpected.
Conditions like this must exist so that we are not overwhelmed when we have unexpected and urgent needs so that we are still financially secure.

[Fatunad]

I think it depends on us and what unforeseen needs really require us to spend money because indeed when this condition was before we were unemployed it was clear that we meant having a job and of course people who manage their finances well clearly know they have to put some of their money for needs which was unexpected.
Conditions like this must exist so that we are not overwhelmed when we have unexpected and urgent needs so that we are still financially secure.

You should really make yourself come prepared for whatever situations or circumstances that you might be able to face on because if not then you would really be having a tough time on facing it out
because you would fell short for this one and this isnt something that you could really be able to avoid specially if you dont really have savings at all due to some normal circumstances.
This is why its always been suggestible for you to save up even a small part of your money for emergency purpose because we dont know on what are the things that
lies ahead on which you couldnt be able to know on when you would be needing money the most.

[Cryptomultiplier]

These days, budgeting is better left open and restricted to needs first before wants, numbered in a subcategory.
What I mean is this, budgeting changes once one has a family to look out for. No matter how much one earns, miscellaneous/unexpected expenses take more, if one isn't careful and watchful enough.
One way to deal with this is to have extra source(s) of income, which should be for the purpose of any unseen expenses. Also, it would be helpful to sometimes overspend on a particular need and ignore it in the next budget. It is also wise to delay spending, when the need can be managed. I e., Live creatively.
If one has loan facilities or is credit worthy, that would be and should be more directed at unexpected expenses, so that the budget is not overstretched.

[Fortify]

The following actions are basic steps in budgeting:
- Track your expenses and income for one month
- Create the categories that fit your life
- Set some short-term and long-term financial goals
- Cut certain areas to make those financial goals possible
- Adjust your budget according overtime.

Even if I take all of these steps, "unexpected expenses" still throw off my budget for me. I will keep track of all my spending and costs, create a budget, and begin adhering to it, but before you know it, a huge unforeseen expense will ruin everything, leaving me discouraged and not budgeting for a while. This usually occurs when I spend excessively in one category or another and realize that the budget isn't working, at which point I give up.

Suggest ways to deal with unexpected expenses?

If you're not running an emergency fund alongside your budgeting (which is a great skill that many people do not use properly) then you are probably not doing it correctly. It's recommended to have at least 3-6 months worth of salary stored in an easily accessible location, although this is often impractical it is getting easier with interest rates going up. This can be used to buy important things like unexpected house repairs and should be replenished via your budgeting as soon as possible. Once it is "full" then you can start pushing money to other savings or investments. It can give a great peace of mind but generally the younger you are the less likely you are to need so many months worth of cash doing little.

[Russlenat]

It depends what the "unexpected expenses" are. If it's overspending on stuff, then you need to discipline yourself with your spending. On the other hand, if they're like unexpected medical bills and stuff, then there's nothing you can do but to try to increase your income.

As for being discouraged — if you don't budget, you're likely going to be in a far worse situation if you didn't budget.

If you can’t increase your income, then it’s safer to just include those unexpected expenses in your budgeting. That is why we also need to save not just for savings alone, but also reserve funds too for emergency cases and unexpected problems that may arise. At least, we can always be prepared in everything that may happen out from our sight.

[Finestream]

These days it’s tough. Many are careful with their money but if there is something unexpected then they will most likely use a credit card to buy it. The issue is that the credit card interest is usually 20% if not paid off.

That's why those people that owns a credit card have to be responsible. Everyone who's used to shop with their CCs are aware of the possible drawback if not used properly.
I agree that these days are tough and even with your best way of budgeting, still, there are some difficulties on how tight budgeting is when sudden expenses came even how hard we try.
We're going to be out of the budget and pulling some money from our savings and pocket when necessary.

Well, everyone should be responsible enough when it comes to handling our finances. Not only for our debit cards, but even credit cards as well. There should be a plan for everything so that it won’t turn to be abusive in our part. And that’s when tight budgeting also becomes very important. We can’t be good in budgeting if we never anticipate all expenses, even those unexpected ones. Although there would be lapses still possible, but at least it can be controlled no matter how unexpected they may be.

[Rengga Jati]

Even if I take all of these steps, "unexpected expenses" still throw off my budget for me. I will keep track of all my spending and costs, create a budget, and begin adhering to it, but before you know it, a huge unforeseen expense will ruin everything, leaving me discouraged and not budgeting for a while. This usually occurs when I spend excessively in one category or another and realize that the budget isn't working, at which point I give up.

Unexpected expenses are indeed something that cannot be avoided and the expenses are completely unexpected, both in terms of what is needed, when, where, and how much money is needed for these unexpected expenses.
therefore, it would be better if we included an unexpected budget every month in our financial budgeting, and kept that amount of money. Remember, because this is a fund for unexpected needs, let the money continue to be available every month and increase, don't use it for daily needs or needs that are not really necessary. So the money is really used for very urgent interests at unexpected times. So that if at any time we need it we can use it, even if the money we need is more than the amount of our unexpected savings, at least we can use that money for additional funds and can lighten it. This is not guaranteed, but at least it can help us overcome a few unexpected needs that are really urgent.

[Sanitough]

I as a man with a wife and two daughters, can indeed relate to what OP is talking about, like for example, I wrote my resolution for this year 2023 which also include things I plan to achieve this year and when I plan to begin each, this is a plan I draw based on how much I earn over all monthly, but even up until now, I discovered i have not started working towards achieving what I have written in my resolution, and January is almost coming to an end.
miscellaneous and unexpected expenses have not allowed me focus on my goals for the year, this is indeed very frustrating, and at times, it makes me want to just throw the resolution away as i see no need for it.
This is a topic that is indeed worthy of discussion and i really wish there was a long lasting solution to this problem.

You know it’s hard to achieve your resolution when you are not even starting to do it. Although unexpected expenses will always be unexpected, that’s why you have to prepare for it like having your own emergency funds that will cover all of your sudden expenses that are out of your budget. That way, you’ll have less trouble achieving your resolution if you think that is really valuable for you.

[Smartvirus]

Even if I take all of these steps, "unexpected expenses" still throw off my budget for me. I will keep track of all my spending and costs, create a budget, and begin adhering to it, but before you know it, a huge unforeseen expense will ruin everything, leaving me discouraged and not budgeting for a while. This usually occurs when I spend excessively in one category or another and realize that the budget isn't working, at which point I give up.

There is always bound to be unforseen expenses in course of going about your expenditure and even in the event of having a budget deficit, you could still find them there. Not because you aren't good in following the plan but also, you can't completely analyse and budget for all your activities within a period and the price changes that might occur on budgeted items within a time frame.

Good thing is, budget doesn't end at looking into what you spend but, it sort of builds a circumference about you not over spending. Though you might spend above your budget, your still going to be about a familiar range that won't have to lead you into bankruptcy or outrageous spending. It sort of keeps watch on how you allocate and use funds.

Be it as it may, you've got scale of preference to list your priorities if need be.

[Furious 7]

I think it depends on us and what unforeseen needs really require us to spend money because indeed when this condition was before we were unemployed it was clear that we meant having a job and of course people who manage their finances well clearly know they have to put some of their money for needs which was unexpected.
Conditions like this must exist so that we are not overwhelmed when we have unexpected and urgent needs so that we are still financially secure.

You should really make yourself come prepared for whatever situations or circumstances that you might be able to face on because if not then you would really be having a tough time on facing it out
because you would fell short for this one and this isnt something that you could really be able to avoid specially if you dont really have savings at all due to some normal circumstances.
This is why its always been suggestible for you to save up even a small part of your money for emergency purpose because we dont know on what are the things that
lies ahead on which you couldnt be able to know on when you would be needing money the most.

But sometimes conditions like this are a little difficult to do, especially when looking at human nature, which is sometimes rare to see all possibilities.
It would be great indeed if we thought about conditions like that but the problem is that not a few people will even forget, especially when they are above and in good economic conditions we seem to forget about possibilities like we will get waves or conditions where we are below.

[milewilda]

I think it depends on us and what unforeseen needs really require us to spend money because indeed when this condition was before we were unemployed it was clear that we meant having a job and of course people who manage their finances well clearly know they have to put some of their money for needs which was unexpected.
Conditions like this must exist so that we are not overwhelmed when we have unexpected and urgent needs so that we are still financially secure.

You should really make yourself come prepared for whatever situations or circumstances that you might be able to face on because if not then you would really be having a tough time on facing it out
because you would fell short for this one and this isnt something that you could really be able to avoid specially if you dont really have savings at all due to some normal circumstances.
This is why its always been suggestible for you to save up even a small part of your money for emergency purpose because we dont know on what are the things that
lies ahead on which you couldnt be able to know on when you would be needing money the most.

But sometimes conditions like this are a little difficult to do, especially when looking at human nature, which is sometimes rare to see all possibilities.
It would be great indeed if we thought about conditions like that but the problem is that not a few people will even forget, especially when they are above and in good economic conditions we seem to forget about possibilities like we will get waves or conditions where we are below.

This is true because if you are on the condition on which you dont able to experience and witness out some economic hardships which people do really tend up on being that confident and forget out things
which are really that needed to be done on making yourself that able to save into various situations if ever it would happen.You would only soon realize that you had just missed out on the time that
you would really be experiencing these problems. It is true that people would really just tend to regret if they are on the actual situation and really that able to forget it out.
Expect the unexpected expenses because it is really that part of life on such condition, this is why we should really be that prepared.

[carlisle1]

Even if I take all of these steps, "unexpected expenses" still throw off my budget for me. I will keep track of all my spending and costs, create a budget, and begin adhering to it, but before you know it, a huge unforeseen expense will ruin everything, leaving me discouraged and not budgeting for a while. This usually occurs when I spend excessively in one category or another and realize that the budget isn't working, at which point I give up.

Unexpected expenses are indeed something that cannot be avoided and the expenses are completely unexpected, both in terms of what is needed, when, where, and how much money is needed for these unexpected expenses.
therefore, it would be better if we included an unexpected budget every month in our financial budgeting, and kept that amount of money. Remember, because this is a fund for unexpected needs, let the money continue to be available every month and increase, don't use it for daily needs or needs that are not really necessary. So the money is really used for very urgent interests at unexpected times. So that if at any time we need it we can use it, even if the money we need is more than the amount of our unexpected savings, at least we can use that money for additional funds and can lighten it. This is not guaranteed, but at least it can help us overcome a few unexpected needs that are really urgent.

Save your spare and control your expenses each time you earn your salary. By doing this, you'll be able to save some
in case that unexpected expenses take place, you have something to use.

We all know that it isn't easy to budget your money, especially at a time like this, but we always need to think about
the possibility that may happen.

With some save money, unexpected expenses can be covered or you might have something to use.

[Wong Gendheng]

I think it depends on us and what unforeseen needs really require us to spend money because indeed when this condition was before we were unemployed it was clear that we meant having a job and of course people who manage their finances well clearly know they have to put some of their money for needs which was unexpected.
Conditions like this must exist so that we are not overwhelmed when we have unexpected and urgent needs so that we are still financially secure.

At present the human needs are more complicated and the many basic needs make routine expenses continue to grow, if we already have a family, of course, more unexpected expenses, and the instant things we usually do are by owing or selling assets, from now on we must be normal for investment so that it can cover unexpected expenses.

[Jody.Drummer]

I think it depends on us and what unforeseen needs really require us to spend money because indeed when this condition was before we were unemployed it was clear that we meant having a job and of course people who manage their finances well clearly know they have to put some of their money for needs which was unexpected.
Conditions like this must exist so that we are not overwhelmed when we have unexpected and urgent needs so that we are still financially secure.

At present the human needs are more complicated and the many basic needs make routine expenses continue to grow, if we already have a family, of course, more unexpected expenses, and the instant things we usually do are by owing or selling assets, from now on we must be normal for investment so that it can cover unexpected expenses.

Expenses will be very different when we are still living alone and when we have a family. Of course the difference will be more complicated and we have to be good at managing all expenses. But what I see from some of my friends, expenses when they are still single and have a family are still the same and even those who are already married are smarter in managing their finances.
The question is why is that so, even if we think that after marriage we need to divide it not only for one person, but for 2 people (even more if you already have children). The answer is in ourselves. Sometimes when we are still alone we will be free and buy anything even though it is not really needed, but after we have a family we will think again before spending money, because there are more important things that must be prioritized.

[Dr.Bitcoin_Strange]

Are you married with kids, or are you single and living with your siblings or on your own? 
I remember when I was living alone, I spent exactly my budget; sometimes I even spent less than my budget, unless some serious unexpected needs arose, which doesn't always occur too frequently, but since my little sister started staying with me and my girlfriend, who often comes around, I now spend off my budget, which is nothing strange. But if one is spending off budget, there's a need to increase your income or identify the particular thing that is making you spend more than your budget, determine if it is what it is or not, and take your decision. 
But most times, no matter the level of income you may be getting, spending outside of your budget is usually something that occurs but can be managed. When saving, save more than the budget. Try to note the situations that cause you to spend more. 

[Furious 7]

But sometimes conditions like this are a little difficult to do, especially when looking at human nature, which is sometimes rare to see all possibilities.
It would be great indeed if we thought about conditions like that but the problem is that not a few people will even forget, especially when they are above and in good economic conditions we seem to forget about possibilities like we will get waves or conditions where we are below.

This is true because if you are on the condition on which you dont able to experience and witness out some economic hardships which people do really tend up on being that confident and forget out things
which are really that needed to be done on making yourself that able to save into various situations if ever it would happen.You would only soon realize that you had just missed out on the time that
you would really be experiencing these problems. It is true that people would really just tend to regret if they are on the actual situation and really that able to forget it out.
Expect the unexpected expenses because it is really that part of life on such condition, this is why we should really be that prepared.

True, when we are above it is clear that we can forget everything and that is not nonsense or mere boasting because basically almost everyone has done something like that it seems and I am also included.
Self-awareness and having felt where we are below can make us aware of things like this because it is not easy to be aware of this kind of thing if indeed we have never felt or really evaluated the behavior we did before.

I think it depends on us and what unforeseen needs really require us to spend money because indeed when this condition was before we were unemployed it was clear that we meant having a job and of course people who manage their finances well clearly know they have to put some of their money for needs which was unexpected.
Conditions like this must exist so that we are not overwhelmed when we have unexpected and urgent needs so that we are still financially secure.

At present the human needs are more complicated and the many basic needs make routine expenses continue to grow, if we already have a family, of course, more unexpected expenses, and the instant things we usually do are by owing or selling assets, from now on we must be normal for investment so that it can cover unexpected expenses.

I think this depends on how we take our attitude because when we talk about family, if we are born as boys then we are indeed responsible for the consequences.
We have a family because we already understand the consequences and of course we have to be aware that the burden will increase compared to living alone.
But as long as it's lived well and our thinking is changed that family is not a heavy burden, I think this can still be handled well and of course with good financial management it will be fine.

[Pejoh Asu]

Financial theory is very easy to learn but very difficult to do the theory, many conditions affect it and I have tried to do budgeting and exercise very strict control on expenses, but I am very tormented and there are unexpected things that make me have to get out of the budget, the most important thing right now is to continue to add sources of income so you don't bother with expenses.

[el kaka22]

It's really important to have savings on months where you do not have unexpected expenses, like you just did have one, and put that aside. I had about 1.5 years of my life during pandemic where everything went as good as could be hoped for, everything went perfectly well and it was great, then what happened?

Many things went wrong in my life and I got into HUGE debt during late stages of 2021, during September/October of that year. Since those days I have been paying that debt, literally couldn't save a single dollar most of the months, found some extra income somewhere couple of times but it was rare, and this month was the last month I paid my debt in full and now I am done.

[coupable]

AFAIK, when studying any project as a complete study, and in the part of the financial study that must determine the total cost of the project, which is supposed to cover all project costs, there is an important element in the study called "working capital". This part means that part of the budget will be in the form of liquidity to pay for unexpected expenses.  Of course, there is a mathematical equation to calculate this ratio.

[lalabotax]

Suggest ways to deal with unexpected expenses?

unexpected expenses must be in one of the parts of the budgeting every month. We don't know what will happen to us,  so, we need to save some money for unexpected expenses although it is a small amount as we are able to have. This is important enough as the reason. However, many people forget or don't have any budget for these unexpected expenses, moreover, the one who lives with a limits salary will be difficult to save money for unexpected expenses.

It's really important to have savings on months where you do not have unexpected expenses, like you just did have one, and put that aside. I had about 1.5 years of my life during pandemic where everything went as good as could be hoped for, everything went perfectly well and it was great, then what happened?

Yes, that is. Although in certain moments, we may not have any unexpected expenses, who knows in the next month. That is why we need money for those unexpected expenses that may happen in unexpected times and conditions. Because we live here, will never know what will happen again.