5 Steps to Managing Unexpected Expenses

[@mgmalia]

Just found you guys. I wished I'd learned to be frugal earlier in life but that's water under the bridge. I'm enjoying your tips. I bought a house two years ago, with a mortgage, and added a rental unit that pays the mortgage and then have a 3rd floor AirBnb that pays utilities. This allows me to focus on savings as I'm way behind. I watched this video because I need some tips on this. I traveled by car from Maine to Florida for my son's wedding in November. I ended up having to replace my 20 year old beauty of a car when I arrived in Florida. Totally not planned. Now I'm going to be looking at how to pay off the loan this year while continuing my goal of saving at least $1000 a month. After taxes and insurance I take home $3000 a month, I think it's doable with your tips. And as a side note, I had a dentist tell me I needed $10,000 in crowns, 20 years ago. I didn't have the work done. I'm now having the mercury fillings removed and replaced with whatever they use now - total bill for all the work $1000 and I still don't need crowns. Feeling lucky with that one.

[@sameerkaram9425]

Hi I'm from middle east & I'm frugal as well but not my wife Unfortunately . And I really admire both of you been frugal it's the way . How beautiful it is when both couples are on same page ..keep it coming

[@momofboys1000]

So glad I found you and have been binge watching your videos. Your blooper outtakes crack me up and I love your tips and advice. My husband also came home from the dentist and needs two crowns and a bone graft $$$$. Even our dentist (here in Canada) charges crazy fees and not covered at all by our insurance. The line that only one can panic, is what I need to hear.

[@CAGChannel1]

Three. months with exposed nerves - I can’t even imagine the pain and weight loss- yikes!! Glad you fixed that

[@kimberlystrickland189]

We have the same rule about only person can panic at a time.

[@lauraclark4542]

I follow Dave Ramsey as well! Works great

[@melissawright4040]

Thaank you for all your advice. I am putting as much as possible in my savings. A short term goal is to save an amount for a new TV and get it on black Friday and a possible new car

[@reginagosse417]

I just discovered you guys the other day and I absolutely love you!! I would have loved to receive your goal tracker but unfortunately I live in Canada. BUT this won’t stop me from binge watching your videos!

[@UndertheMedian]

So, why can't you get the goal tracker in Canada? Just curious.

[@reginagosse417]

@@UndertheMedian it said United States only.. under terms and conditions. Did I misunderstand?? lol

[@UndertheMedian]

@@reginagosse417 , we have lots of Canadians who request our free resources. Let me look into that.

[@Christine83507]

I’m Canadian too and was able to receive the resources. As long as it’s through email, all you need is an email address.

[@diannerowley9358]

This has helped me so much just had huge vet bill xxx

[@TheNinnyfee]

I love this step plan! Especially with dentists a second opinion can save you tons of money. I have saved myself and other people hundreds and even their teeth because I told them to get a second opinion of a trustworthy dentist. I had quite some trouble with my teeth and met some really shady and greedy dentists in the process. The more you seem to be in an emergency the more these dentists will take advantage of it. Also ask your insurance what the rules in your country are. Here you can switch dentists during most treatments, but not so easily during e.g. dental implants because of warranty regulations. Get informed before you overpay in more than one way. ♥️

[@maryd7896]

We have a consistent car savings fund as well! We have 2 daily driver cars, 1 "work" truck for back and forth to lowes (was so helpful when we decided to fence in our yard this year!!), and 1 project truck for my husband! All our vehicles are paid in full, and while we have other transportation options to tide us over, we still are saving for a new car for when my daily driver car goes kaput! It's almost at 250,000 miles but *thankfully* keeps on trucking!!

[@brg2743]

With gas utility bill rising, we have tried to really cut back on electricity.

[@kathys1285]

It’s really simple have an emergency fund that’s the number one thing I was told was always have an emergency fund and live by it me and my husband have one we both add to it every time we have extra money 💰 I one point we had 20.000 thank god cause we’ve had some emergency’s that saved our behinds it lower than that now but we’re building it up again so remember start building an emergency fund NOW

[@rebacarmack8335]

Great video

[@barbaracarbone4658]

Very good. Thanks.

[@airforcemom2235]

Love you guys!!!!!

[@FrugalQueeninFrance]

I’m very thankful that I’ve got my carte vitale and only have a top up mutuelle insurance for all our health, dental and optical here in France. Our healthcare care insurance costs us 80€ a month for the two of us as our taxes pay 65% of our healthcare, optical and dental. Healthcare is sooooo expensive for you.

[@UndertheMedian]

I have friends from Canada and Italy who cannot believe how much healthcare costs in the States. Honestly, it's our number one concern heading into retirement.

[@lauraclark4542]

I work in Dentistry and the longer you wait and do not come in for regular appointment s it cost more. So try to set up in your monthly budget for Dental/ medical. Having your own HSA set up is very effective.

[@abidashah4943]

Such a nice beautiful couple voice of angle heart of gold star heart of gold .God bless you and family with joy peace and happiness always keep safe take care 🥰🤗🧡💖❤💛💛💚💕

[@kendraleu7022]

I had a question: how much do you guys budget for Christmas for your kids/grandkids each year? Also what is your budget for your kids birthdays? If you don't mind me asking..

[@UndertheMedian]

We spend about $50 on birthdays and between $50-$75 per child for Christmas. We don't have any grandchildren yet. You can get a look at quite a few of our budget categories in this video. kzbin.info/www/bejne/aJexd6d6pb2JapY

[@kendraleu7022]

Ester and abraham hicks

[@margal3120]

Lol don’t PANIC!! 😂🤑😎

[@MsLucky443]

Good idea to get second opinions with “Medical Healthcare” business.

[@sherrypoole4430]

How much do you save per month. Percentage? Thanks

[@UndertheMedian]

I add everything up at the end of the year and figure out the total percentage we saved over the course of the year. So, Larry and I will be doing this soon. However, in general, we tithe 10%, live on 65%, and the other 25% is savings and goes toward our short, medium, and long-term goals.

[@sherrypoole4430]

@@UndertheMedian does the 25 percent include emergency fund

[@UndertheMedian]

@@sherrypoole4430 , our emergency fund is fully funded. So, we no longer add to it - unless we need to dip into it for some reason. We keep a written list of short, medium, and long-term goals. Short-term goals are those we intend to meet in 18 months or less. So, most of the time, these are the goals that are listed on our yearly budget. The 25% includes these goals.

[@sherrypoole4430]

@@UndertheMedian thanks

[@srcb1816]

Do you have an HSA? I find it to be very helpful and reduces my taxable income. There is a max you can put in yearly, but Is very helpful for unexpected medical expenses.

[@UndertheMedian]

Thanks for asking. We do have an HSA, which we have consistently been able to put more money into each year as our children leave home and we free up more money. Our medical deductible is astronomical though. $4200 per person and $8400 for our family. Our dental plan is separate and they will pick up some of the cost of dental care every year.

[@kaitlinobrien243]

🤗❤️. ☘️🇨🇮☘️