Rustic23
Thinks s/he gets paid by the post
I had a little problem with this thread. Most of the things mentioned are not unexpected. Even medical expense should be expected, just not when. Many houses in Houston are flooded. Unexpected, shouldn't be. Not the first time, and if you live in Houston, you should have flood insurance. However, I guess acts of nature might qualify of unexpected, but we do carry insurance, so maybe we do, on some level expect one.
I can see that the timing of some of the items could be unexpected, but if you own a home, you should expect to replace the roof if you live in it long enough. Same with appliances.
Having said that, it is good to consider expenses out of the ordinary. I fully agree with the statement that many do not plan for these. However, many would have the same problem if they continued to work. My parents, father worked, mother worked at home, (5 kids). My father, due to age and health, was no longer to work. SS supplied for daily expenses, but, when the roof came due, the five kids took care of it.
I can see that the timing of some of the items could be unexpected, but if you own a home, you should expect to replace the roof if you live in it long enough. Same with appliances.
Having said that, it is good to consider expenses out of the ordinary. I fully agree with the statement that many do not plan for these. However, many would have the same problem if they continued to work. My parents, father worked, mother worked at home, (5 kids). My father, due to age and health, was no longer to work. SS supplied for daily expenses, but, when the roof came due, the five kids took care of it.