MoneyWise Live


Expecting the Unexpected

October 2, 2018

Oscar Wilde once said, “To expect the unexpected shows a thoroughly modern intellect.” Well, while expecting the unexpected may seem a bit futile as well, we believe that when it comes to budgeting, there really are very few surprises.  MoneyWise Live often hears from people who need help setting up a spending plan – a budget.  And what seems to cause the most trouble are the unexpected expenses.  While not someone who foretells the future, Rob West does do a pretty good job of anticipating it and discusses these topics on MoneyWise Live:

  • A listener contacted MoneyWise Live to say that she’s tried to put a budget together several times, but always seems to get derailed in December  when her annual car insurance premium is due, her homeowners insurance and Christmas. Is this a case of not expecting the unexpected?
  • When those expenses come, they’re still pretty big, so how do you plan for that?
  • What about things that really are unexpected like expensive auto repairs?

Next, Rob and Steve answer these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:

  • At age 36 and 37 with new daughter with downs syndrome, what are the options for provide for her in the future?
  • If you've made some bad financial choices in the past and are just starting a budget, how do you start saving when things are tight?
  • Where can you find resources for figuring out how to pay off a credit card within a particular time period?
  • Is it a good idea to pay off credit cards by refinancing your home mortgage?
  • If you currently have several savings accounts divided up for different uses like "Day-to-Day" spending, "Benevolence" and "Emergency", is this a good idea or should you just consolidate these accounts?
  • If you've been attempting to get your finances straight with a budget but are just having trouble getting ahead, what are some tips to get things under control?
  • If you're in your late 40s, have 2 children in private Christian school but are finding it's getting hard to afford, should you stick with the private school at any cost or should you reconsider?
  • If you have no debt and pretty good savings   is it a better to take monthly annuity checks from your pension or just move it into your 401(k)?
  • Is there a penalty for private pension within Social Security?

Be sure to check out our new website at MoneyWiseLive.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.  Thanks for your prayerful and financial support that helps keep MoneyWise Live on the air.  And if you'd like to help, just click the Donate tab at the top of the page.



Resource

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