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Woman looks in horror at unexpectedly high expense

Even if you no longer live paycheck to paycheck, life can still find a way to throw a wrench into your financial situation. You might have felt totally confident a week ago that you would come out ahead with enough money to put a chunk into your savings and still live largely. But then, the unexpected happens.

Unfortunately, you can't plan for every possible outcome. However, by knowing what could happen ahead of time this year, you'll be one step ahead and ready to take on any sudden challenge.

1. Job Transitions

Whether you get fired, demoted, laid off, or simply cannot stand to work at your current job a day longer,  a change in your employment situation can lead to serious financial upheaval.

Sometimes, this can be a huge opportunity to find a better position in a job that will pay you far better than you could have hoped for. Other times, this is a long-lasting situation that can reshape your monthly budget. Either way, you must remember that no business you could work for is 100 percent stable. Always prepare for the worst while hoping for the best.

2. Auto Repairs

Cars break down. Cars also have a tendency to collide with other cars, trees, concrete dividers, and Wendy's drive-thru menus.

This one, above all else, should be familiar to anyone who has ever owned a car. And if you aren't prepared, even the best money-month can turn into a financial disaster.

3. Home Repairs

Whether a tree falls on your roof, a kid throws a rock through your bathroom window, or you catch your kitchen on fire while failing again at perfecting your mom's spaghetti, a home repair could be right around the corner.

Even if you have a healthy home insurance policy, you still may have to foot the bill for a sizeable deductible. No matter how sturdy the structure of your house, it can still sustain all sorts of costly damage you should be prepared for.

4. Utility Bill Spikes

Seasons change, and so do electric bills. Where your bill in the Spring might be a simple $75, a Summer electric bill could look closer to $200 or more.

Depending on the size of your home, your family, or how poorly insulated your home may be, your utility bills will definitely fluctuate. So when you make your monthly budget, always keep your utility bill estimates on the steep side.

5. Unplanned Trips

Your brother calls you from Austin and asks you to pick him up from the airport. The only problem: you live in Longview.

Maybe you leave your dog behind on a family trip to the Grand Canyon and have to turn around to go find him.

Both of these make for some seriously expensive unplanned trips. Gas may look cheap right now, but it adds up quickly!

6. Kiddos

The moment you have a child, your life changes dramatically. And so will your financial situation.

The truth is, kids are expensive! If you know children are in your future, it's time you rethought your entire budget and prepared for anything life could throw your way with them in the picture.

Have a sudden financial emergency? Stop by your local Atlas Credit location or apply online now for a quick and easy personal loan. You have a great shot at being approved on the spot, even if you have bad credit! Contact Atlas Credit today to learn more!

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