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The Complete Idiot's Guide to Getting Out of Debt by Ken Clark

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Chapter 10
Expect the Unexpected

In This Chapter

◆ How unexpected expenses can wreck the best-laid plans
◆ Preparing for the unexpected
◆ Strategies for when you’re caught off guard
◆ The smart way to deal with unexpected windfalls
 
One of the games I loved as a kid was Chutes and Ladders. In the game, your goal was to wind your way up a path on the game board. If you landed on a ladder, you were allowed to skip ahead a few levels. If you landed on chute, which looked like a big slide, you had to go back down a few levels.
A few spaces before you reached the finish line, there was a giant chute that took you almost all the way back to the starting line.
Large unexpected expenses and windfalls can be the financial equivalent of Chutes and Ladders. ...

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