But that “NEVER” happens!!!
Do you know how many things only happen every few years? About enough to have something that never happens happen every month. It’s your job to anticipate, plan for and stay ahead of these things. Why do these things that never happen always have a three or four figure price tag?
- That never happens
- That rarely happens
- I wasn’t expecting that
- We didn’t plan for that
- I didn’t know about that
- That wasn’t fair
- That was a surprise
- I didn’t see that coming
Why does it put the hurtin’ on? Because we didn’t plan for it. We didn’t give it its rightful place on the monthly budget. We need to expect the unexpected. If we at least admit that the punch is coming, we can plan for it and minimize the damage. We don’t need to know when it’s coming or from what direction in order to plan for it. If we don’t plan for it and get blindsided, it hurts. If we plan for it, we can brush it off and carry on.
Have I convinced you yet? Good, let’s fix it!
I suggest an “Expected-Unexpected-Expected” category on the monthly budget. What, What, WHAT!?!? Yes. Put a guard in place for these things that never happen. We have three lines in this category. It looks like this:
- Unexpected #1_________ – $40
- Unexpected #2_________ – $80
- Unexpected #3_________ – $160
This is the monthly cushion. It does not roll-over and build up, (that is what the Emergency Fund is for) it re-sets each month and starts over. If something happens that is more than $320, I take the rest out of the Emergency Fund and then re-fill it ASAP.