Building Contingencies Into Your Budget

Lola’s Frugal Life Podcast

It seems that no matter how long we have been budgeting, there is always something unexpected. It might be something costing more than you expected, or something you just didn't expect at all. Building contingencies into our budget can help us deal with some of these items without having to dig into our savings. It can also help us stay out of debt. Contingencies are an important part of your budget. But there is a balance if you build in too much contingency you could end up spending more than you really want or need to on certain things.

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