Clarity: a Clear Approach to the Unexpected

Sometimes you will set a plan and find it is not the right one. Weigh your options and commit to a better plan.

I posted about a recent financial issue in my lost blog. My husband was hit by another driver and his truck was damaged. We initially decided to repair the truck and shop for a new truck. However, we soon discovered that we were tired and overwhelmed. The task was too big and extreme. We chose to simplify.

We started repairs on damaged truck and found it to be in excellent mechanical condition. After purchasing and replacing parts, it actually started to look better. We determined that the truck is still reliable as a work and tow truck. We are even preparing to take truck on planned road trip.

We have a type of truck in mind for purchase. My husband’s work and travel activities were considered in choosing this truck. We looked at the funds in our local account and realized that there was not enough to purchase the truck. We also realized that we were tired and not emotionally ready to buy another truck. We decided to press pause on a truck purchase. I then transferred money in a High Yield Savings Account where it will earn money until we are ready to purchase.

I opened up a separate checking and savings account that will be used specifically for car parts. This account is set up to make funds available but also enables us to have a better track of what we spend. We felt a great deal of peace once we set up these accounts.

Once we made sound decisions about our money , we felt hopeful and happier. We were not overwhelmed. We were not pressured to go a certain direction just because some one told us it would benefit us. In managing our emotions, we had to use caution as to who we shared our issue with as we were given some unwise advice. People we thought were our friends tried to use the situation for their benefit and were not considerate of us. We chose to not respond to pressure from sales people. We are doing all this without acquiring any debt or credit and we know we are making the right decision.

I encourage you to prepare for the unexpected. Make a plan . It is fine to change the plan if you see a more viable option. If we had stuck with our initial plan , it would have been unnecessarily costly and I am glad we changed it. Feel free to schedule a session with me if you want to get active on managing your money at www.peacefullifefinancial.com Karen Skelton Money Coach