Coping with the Unexpected

Life is never predictable or fair. Read on for how you can prepare.

I am sharing about my present unexpected struggle . This struggle has impacted me financially as well as emotionally. I made some decisions. Direction has been determined and is now being pursued.

My husband was in a car accident. His truck was hit by a young man and his front fender and bumper were nearly torn off. My husband was hauling a tractor and trailer. The young man accepted responsibility for speeding. My husband ended up with a damaged tire and alignment was dangerously off. We spent $300 that day to repair tire and alignment.

The young man was licensed and insured. We requested to have fender and bumper repaired. As we pursued repairs, we found that the young man’s insurance company was not willing to cover the full expense of repair.

Then we considered our options.Emotionally, we were frustrated and distraught.

We have an emergency savings account. We have money to replace the parts on vehicle. I transferred funds into a local account and we started the process of shopping for parts.

We are keeping the impacted truck for the time being as it is still fairly good mechanically. My husband is a mechanic and can replace a new fender . I spoke to the insurance company and requested the small amount allocated aside for repairs be transferred into my account, which they agreed to do.

My husband relies on his truck for work in construction and carpentry. His work is severely limited now as impacted truck is not as safe and functional. The truck is older. I have set up local account of cash to purchase new truck. I am thinking about the short and long term car expenses with out incurring any debt. Nothing will be purchased until we can pay full amount in cash.

We have run into several areas of conflict. The damages to our truck are greater than what the insurance will pay. The money in our present local account is slightly less than what truck dealers are asking. We feel like we are being inconvenienced for something that is not our fault. Yet, we acknowledge that life is not always fair and emergencies do happen when you do not expect it.

We are grateful that no one was harmed during the accident. We have the emergency savings account. We are now taking time to breathe and not act impulsively. We anticipate that work next week will bring in enough funds to purchase a truck. We have funds to replace the fender and bumper on impacted truck and my husband can do the labor. We are practicing patience and gratitude.

I encourage you to prepare for the unexpected. Accidents will happen. An emergency savings account will restore hope and peace of mind. If you are ready to start the financial preparation process, reach out to me at www.peacefullifefinancial.com. Karen Skelton Money Coach