Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3005:

Chelsea from SmartMoneyMamas.com explains the practical steps to safeguard your budget from unexpected expenses by dividing them into predictable and unpredictable categories. She highlights the importance of building annual budgets, creating sinking funds, and prioritizing an emergency fund to transform financial stress into manageable bumps in the road.

Read along with the original article(s) here: https://smartmoneymamas.com/how-to-plan-for-unexpected-expenses/

Quotes to ponder:

"Building irregular expenses into your budget is one of the pillars of creating a budget that works long-term."

"It always seems impossible until it is done."

"An emergency fund is your financial life jacket. It keeps you from sinking into debt just because you didn’t budget for something."

Episode references:

YNAB (You Need a Budget): https://oldpodcast.com/track

Qube Money: https://qubemoney.com

University of Minnesota Extension on family clothing budgets: https://extension.umn.edu

Learn more about your ad choices. Visit megaphone.fm/adchoices