When you think of financially planning for the unexpected, most people think of the common things like getting home insurance, health insurance, and car insurance. However, there are plenty of other unexpected things that don’t fall into these categories that can still end up costing you money if you aren’t prepared. That’s why we’ve come up with a few simple tips that make saving money easier and can help you plan for certain unexpected situations that may arise:
1. Hide your spare car key
Everyone has lost or misplaced a car key at one point or another, and it can be a nightmare to try and get it replaced – not to mention the avoidable expenses of paying a locksmith or the dealership, which can cost up to $500, depending on the type of key you have. Here are some great ideas from a locksmith on the best way to hide your spare key.
2. Set up overdraft alerts on your bank accounts
Sometimes we find ourselves switching funds between different accounts, and it can be easy to forget when one account is close to zero or getting near its credit limit. To avoid the inconvenient overdraft fees that many banks impose when you cross this threshold, you can set up alerts that let you know when you’re getting near your limit, so you can take the necessary action to make sure you don’t get charged.
3. If you have a pet, invest in pet insurance
Many people don’t even know that pet insurance is an option, but it’s a fairly low expense that can save you a lot of money in the long run, especially if you have a particular breed of dog or cat that is prone to certain health problems. Without pet insurance, many people find themselves in a tough situation of having to choose between their financial position and the wellbeing of their family pet.
4. Get your snow shovel ahead of time
The worst time to buy a snow shovel or other snow equipment is right before a large snowstorm has been predicted, because many stores will hike up the prices during the time of high demand, leaving you without any other options. This advice also applies to any other type of harsh weather equipment, depending on the climate in which you live.
5. Start putting money aside for an emergency fund
This can be as simple as designating a jar for loose change – it may not feel like a lot when you put a couple quarters in it, but it can add up over time and be exactly the bump you need when in a tricky financial emergency down the road. For instance, depending on where you live, there might be a chance you have a break in or a robbery, and you need to be prepared for this. You might need to save up for some replacement locks from an atlanta locksmith or someone closer to you to ensure it doesn’t happen again. If you want to save on a larger scale, consider putting a small portion of your paycheck away into a savings account every month. You’ll barely notice the deduction at the time, but it can be a lifesaver when you really need it.