The best way to handle unexpected expenses is to anticipate them. Are your parents coming to town? Does your wife want another baby because her biological clock is ticking, and she wants to complete the family? The most egregious and unexpected expenses are when something bad happens to the neighborhood like riots or arson, or when some plumbing, drainage or electrical problem appears in the house. Home insurance must always be maintained and payments kept on schedule. Other possibilities are a sudden discovery of a life threatening disease like an aggressive and metastatic cancer, or an … [Read more...]