Consistently Budget and Save For Unexpected Expenses.

A car damaged by a fallen tree branch is shown in Toronto, Monday, April 16, 2018. Tens of thousands of people across southern and central Ontario remained without power Monday morning as the province’s massive ice storm transitioned to drenching rain. THE CANADIAN PRESS/Frank Gunn

Be like a good Boy Scout and… PREPARE AHEAD! We’ve all heard about Murphys’ Law.. Anything that can go wrong probably will go wrong, sooo….


Being prepared for the unexpected is just wise counsel. Unexpected expenses will come up. Kids and pets get sick. Washing machines break down. Storms happen and cause property damage. Fender benders send cars to the shop for repair. Toilets and taps spring leaks. You get the idea. You know these things happen so it’s time to be pro-active instead of reactive.

Setting money aside for emergencies is probably one of the most emotionally soothing things you can do for yourself and your family, relieving needless stress. Set a goal of a minimum of $1000. Once you reach that goal, work at getting it to $2000. Believe it or not, this goal, when you reach it, will give you a whole new perspective on your finances. Peace of mind on this financial front will naturally start you thinking about your finances in a more confident manner which manifests into more success with how you manage your money as a whole. It’s interesting how this process works, but success breeds success.

Do whatever it takes to get this done as quickly as possible! This will help you withstand some bumps in the road that may come along. Then work on increasing your emergency fund to the point where it will cover three to six months of your living expenses.

PROTECT this fund and don’t ever touch it unless you experience a true emergency!! If it ever happens that you get a flat tire and bend the rims just before a big trip, then your’ll be able to respond with minimal hardship. (That happened to my daughter and I… she was freaking out and I was like, no worries, we just fix it).

No one ever wants unexpected expenses, but they happen. Jobs get lost with none to replace them. People get sick without insurance. Having an emergency fund while you are able to prepare for one provides great peace of mind in times of trouble.

So, to recap… Open an account specifically for your emergency fund. Discipline yourself to not touch it unless there is an actual emergency. Got it? Do it.


Taking action on the these first few Basic Financial Principals is what you need to do Immediately to get on the road to financial recovery. Every person reading this can do it. You don’t need to make a huge income first. You just need to take action.

Mastering the basics. The first two principals are the Offense in your financial strategy (getting more money). The next three principals are the Defense in your financial strategy (protecting against debt and loss). All of these principals are the Basics of Financial Fitness.

The key to success in any field is to master the basics. Practice these basics Every Day. By mastering the simple, basic financial skills covered so far, you are establishing a solid and lasting foundation for true financial fitness. These basic principals might seem to simplistic to make a big difference, but those who do them consistently find financial success.

  1. Open the savings account and fund it with 10% of your income each month.
  2. Stop listening to the wrong financial advice.
  3. Take the time to build a good budget and then follow it.
  4. Get on the path to financial success.

That’s all for this one. Toodles for now! ~Callie