If you’re not saving anything right now – you need to start immediately. Unexpected expenses are – well – unexpected, and they can come at any time so you need to stay ready for them.
“The number one thing I tell everyone to do is automate, automate, automate,” Lawande said.
In fact, it’s not only about savings. Lawande suggests automating as many things as you can, including minimum credit card payments and money in a retirement savings account. That will help you really see how much you have leftover at the end of every month for fun – and it will help keep you from spending too much on fun and then winding up in a bind later on.
