PersonalFinanceLab: Planning for Unexpected Expenses

This animated video teaches you how to prepare for surprise bills and expenses, and provides three methods for dealing with them: borrowing from savings, using an emergency credit card, and tapping into an emergency savings fund. What You Will Learn: • The difference between budgeted and unbudgeted expenses. • The importance of planning for unexpected expenses. • Three methods for dealing with unexpected expenses: borrowing from savings, using an emergency credit card, and tapping into an emergency savings fund. • How to prioritize your expenses and make adjustments to your budget. • The benefits of having an emergency savings fund.