Are You Prepared For The Unexpected?

Prepare for the unexpected with these tools and ready yourself and your finances for anything that comes your way.

A man sitting at a table and using a laptop, he is on the phone.

Hope for the best. Prepare for the worst. This piece of advice can be applied to pretty much anything – including finances. A recent study from Bankrate shows that only 39% of Americans surveyed could cover an unexpected expense of $1,000 without additional stress.

From needing new tires to losing your job, anything can happen. Here are some tips to help you get financially ready for anything coming your way.


It’s almost impossible to talk about planning for the future without first talking about budgeting. Take control of your money and create a plan that dictates where exactly your money goes so you aren’t left wondering.

Be sure to modify your budget as your situation changes. If you’re earning more, start saving more. If your rent increases, spend less elsewhere and figure out how you can shift funds around.


This is one of the biggest favors you can do your future self. Save for retirement, a rainy day, and big purchases – plus anything else that’s important to you. At a minimum, aim to have an emergency fund that will cover six to 12 months of expenses. How much will you need? Find out by tracking your expenses and income for 30 days. You’ll sleep a little better knowing you have a cushion to fall back on.

Reduce Debt

Unfortunately, bills won’t stop if an emergency arises. As a borrower, you’re still responsible for mortgage or rent, car, student loan, and credit card payments. If you have the means to put additional funds towards your debt now, do it. While it may seem like an inconvenience, a payment or two can make a huge difference when working with limited funds.


Our financial wellness partner, BALANCE, can help explain your options for getting out of debt.

Get Insured

Insurance can help you in a variety of ways and provides a good safety net in case things go wrong. For example, homeowners insurance covers incidents that occur to your home or property, including damage from a storm, other natural disasters, or theft.

Review your policies periodically to see what coverage you need and update it with any major life changes.

While you don’t have to be scared for the future, it’s a good idea to be as prepared as possible. By creating a solid budget, adding more to your emergency savings, minimizing debt, and reviewing your insurance regularly, you’ll be well on your way to financial readiness.

Related Articles

Banking on each other.
Building stronger communities.®

I’m looking for…

This link takes you to something we think is useful.

But, it’s important to know you’re leaving the A+FCU website. Our site provides links to third party sites and resources not controlled or operated by A+FCU. Other websites may have privacy policies, security, and terms of use that aren’t the same as A+FCU’s. A+FCU isn’t responsible for third party content, agreements, or transactions on linked sites. If you’d rather not continue on to this site you can always call us or stop by a branch to find out more.