To Plan for Unexpected Expenses, you can:-
1] Create an Emergency Fund:- Aim to save 3 to 6 months’ worth of living expenses in a separate account that you can easily access in case of an Emergency.
2] Budget Regularly:- Factor in Unexpected Expenses in your Monthly Budget and set aside some money each month to add to your Emergency Fund.
3] Get Insurance:- Consider Getting Insurance for major expenses such as health, car, or home to reduce the Financial burden in case of Emergencies.
4] Be Proactive:- Regularly Review your Expenses, look for ways to reduce costs, and identify any Potential Expenses that could arise in the future.
By having an Emergency Fund, Budgeting regularly, Getting Insurance, and Being Proactive, you can be better prepared to handle unexpected expenses when they arise.