>but "I have an unexpected expense and now I have £2 I found behind the sofa and a bare cupboard/fridge to feed myself until I get some more money".
It seems that the most common of these unexpected expenses include automobile related repair expenses (which come once every few years that even the best of us tend to forget to budget) and health expenses. Are there any others that come to mind?
Of course, automobile and health costs are the ones that are typically mitigated by insurance to some degree. Oh and what do the poor in countries like the United States rarely have? Insurance.... :(
If you are very poor, even smaller expenses like a power bill that is higher than you expected, having something that you rely on break (maybe the HDD in your computer fails and you relied on using your computer for some portion of your income) or you get a hole in your only smart jacket etc can throw a spanner in the works.
It seems that the most common of these unexpected expenses include automobile related repair expenses (which come once every few years that even the best of us tend to forget to budget) and health expenses. Are there any others that come to mind?
Of course, automobile and health costs are the ones that are typically mitigated by insurance to some degree. Oh and what do the poor in countries like the United States rarely have? Insurance.... :(