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Of course, banks will have to write down some sort of unanticipated expense most years.
That will help them build a cushion should their income drop or an unanticipated expense occur.
Although many consumer loans and mortgages have been paid down, almost 30percentt of respondents said they'd have trouble covering an unanticipated expense of $400.
They see jobs lost to countries who do not play by the rules, crumbling infrastructure, out-of-touch political leaders, and family budgets one unanticipated expense away from disaster.
By some recent government estimates, security costs could claim up to 25percentt of the $18 billion budgeted for reconstruction, a huge and mostly unanticipated expense that could delay or force the cancellation of billions of dollars worth of projects to rebuild schools, water treatment plants, electric lines and oil refineries.
For example, the Minority Student Emergency Contingency Fund currently provides small grants for students faced with a sudden, unanticipated expense.
Similar(51)
Confronted with the unanticipated expenses and delays, the nuns decided to abandon the Bronx project.
"We don't know exactly what unanticipated expenses we face," one parent wrote in a widely distributed e-mail message.
But unanticipated expenses force the Joneses to dip periodically into $600 in cash savings, or to overcharge on credit cards.
There are sometimes unanticipated expenses as well, like those needed to resolve a problem that the walk-through uncovered.
During 1986, $5 million was used for unanticipated expenses, leaving $17 million to reduce taxes in the 1987 budget.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com