An Unexpected Expense.
By Matt - Friday, November 3rd, 2006
Every month I set a goal for myself and for the most part I expect some minor things to come up here and there when it comes to the goals. Unexpected expenses always come up; sometimes you have a choice when it comes to the expense; other times you don’t. Today is one of those days where I will be spending money that I hadn’t originally accounted for. I’m having the car tuned up.
The important question is why wasn’t this a planned expense? Well to be honest I was hoping that I could hold out until December, but the car was starting to make noises and misbehave. It wasn’t so much that something was broken or wrong rather than I just felt the quality of the drive was going down. I decided that a preemptive strike on the work would be better than waiting.
This unexpected expense is going to set me back close to $500, I’ll know better when I pick the car up, but it’s a necessary expense. This is why I’m happy that I have some money to work with in the form of an emergency fund incase I end up needing the money. Since starting this blog I’ve been much more conscious of the fact that having extra money on hand or available is a necessity.
Technorati Tags: Car, unexpected expense, spending money, maintenance
This entry is filed under Budgeting and Planning, Commentary, News/Misc.
3 Responses to “An Unexpected Expense.”
1 Matt says:
November 3rd, 2006
at 3:22 pm
Ugh, I feel you man…I had to replace front brakes/rotors on my car last month. Totally threw me off. But you’re right these things happen, and the only way to battle them is to be prepared.
2 Matt says:
November 3rd, 2006
at 3:26 pm
To be honest with you I’m not looking forward to picking the car up at the end of the day because I know there’s something wrong with one of the struts. I asked them to see what it is… I fear it might be bad news.
3 MoneyFwd says:
November 3rd, 2006
at 4:23 pm
That’s tough. I’ve started to budget certain things into an account that cover those expected, yet not, car repairs and things. I figure a little bit every month adds up and then I don’t have to go into my main savings, or hurt my budget over it.
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