What Issues Should I Consider When Funding An Unexpected Expense?

With even the most comprehensive financial planning, there is no way to avoid unforeseen circumstances. When you encounter unexpected expenses, you often must be flexible and act promptly. It can be difficult to adapt without veering off course.

Being prepared to handle an unexpected expense will help you stay on track despite experiencing upheaval and uncertainty.

This checklist covers the key issues to consider when you must fund an unexpected expense. It addresses:

·         Payment strategies

·         Funding sources

·         Tax consequences

·         Impact on overall financial plan