The Truth About so-called 'Emergency' Expenses You Should Be Aware of
Don't Be Fooled by Misguided 'Emergency' Expenses
Some expenses you think are emergencies may not be so urgent after all. Let's dive into the common costs people mistake for emergencies and how you can plan for them.
1. Quarterly property taxes
Property taxes usually come due on a quarterly basis, which is why it's important to budget and plan for them in advance.
2. Annual insurance premiums
Paying insurance premiums once a year should not catch you off guard if you budget and set aside money regularly for these expenses.
3. Home repairs
Home repairs that could have been foreseen should not drain your emergency savings. Plan ahead and save for expected repairs to avoid financial stress.
- Set a budget for recurring expenses
- Assess future bills to avoid surprises
- Manage your finances wisely to protect your emergency fund
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.