There are expenses you budget for and those that seem to spring out of nowhere. There’s no telling when something might break, and medical bills often arise at the most inconvenient times.  

What do you do when a bill sneaks up on you? How do you deal with a financial obligation that’s outside of your budget? Keep reading to find out how you can deal with those unplanned costs that have you so stressed out. 

Say you’ve explored all your options and everything is pointing towards a loan. Consider looking for a no interest loan scheme. 

You won’t have to go through a credit check, there will be no fees or charges, and you don’t have to worry about having to pay for more than what you borrowed.

If that doesn’t seem like a viable option for you, then ring up that one family member who is likely to help. Your loved ones aren’t likely to charge you any interest, but just make sure the loan won’t cause any conflicts between you.

Many family relationships have soured because of unpaid loans, so you’ve got to make sure you have a merciful lender on your side.

Surely you have some unnecessary expense or something you could allocate less money to? 

If you need to make some room in your budget for those unforeseen payments, figure out your priorities, and see how you can channel money from one bill to the other. 

Maybe you don’t need to go to the cinema or eat out this month. Every bit of money you save from cutting costs can go towards that surprise payment you need to make.

Start making small sacrifices, and who knows, you may decide those luxuries weren’t enriching your life as much as you thought they were. You may find yourself continuing to save cash after your unexpected expense has been paid off. 

Why depend on one income stream for your livelihood? 

Even if you feel you don’t have the time, you can still make passive income by selling an eBook, renting out an extra room, or even selling creatively designed mugs online.

The more money you can make, the more expenses you can take. Find a way to get multiple streams of income, so you can save up for emergencies that would otherwise leave you feeling helpless and confused.

Several countries have introduced emergency relief packages for citizens as a means of offsetting the impact of COVID-19. 

It would do you well to research what your local government has on offer in this regard. If you’re a mother, you could be eligible for a children’s grant.

Maybe you’re unemployed and there are some initiatives for helping people in your circumstances. If it calls for you to go onto the government website or even drop by for a visit at their offices, then go for it. What do you have to lose?

It’s obvious you don’t need everything you have, so why not let go of some of it? There must be something you don’t use anymore, something that doesn’t fit, or something you’re just keeping for sentimental reasons.

Look around the house to see if there’s anything you can sell online. You’ll be surprised at how much you can actually make from letting go of your old stuff. 

Whether it’s gadgets you’ve upgraded from or accessories you don’t wear anymore, there’s always someone looking to buy what you once loved and used.

Unexpected expenses will never be fun, but by applying the tips above, you can at least make them less stressful. Good luck!