When you are on a tight budget, unforeseen expenses can be a huge problem. This is especially true if your financial situation goes beyond a lack of funds. When you are trying to deal with debt repayments, even if they have been made more manageable by tools such as debt consolidation loans, having to find money for a large expense you had not counted on can seriously hamper your repayments.
There are a number of ways that unexpected expenses can be dealt with, ranging from borrowing from a family member to taking out credit packages such as homeowner loans to cover the cost. Regardless of how they are ultimately dealt with, however, there are certain unexpected expenses that are more common than others. Whilst you can never know an unexpected expense is coming by definition, knowing what the most common problems are can at least help you be mentally better prepared for the possibility that you may face such an expense.
Car Repairs or Replacement
Cars are essential for modern life, but unfortunately they can also be expensive to run. They can also be expensive to repair when they break down, but as they are so essential, you can be left with no choice but to find the cash to have your vehicle fixed. If your vehicle cannot be fixed economically, then you have the equally daunting expense of buying a replacement.
Bear in mind, however, that if your car is not worth much, replacing it might be the cheaper option. Without doing so, you could be left unable to travel to work, pick the kids up from school or carry out other essential day-to-day activities. This lack of choice and sense of urgency is, sadly, what makes unexpected and expensive car repairs one of the most unpleasant expenses you might come up against.
Home Repairs
If there is one thing more essential than a vehicle, it is a roof over your head. Fortunately, homes are not mechanical devices so, unlike cars, they are not prone to breaking down and need repairing far less often. However, there are still many problems that can appear in your home from time to time, and fixing these can still be expensive yet necessary. Examples include plumbing or electrical repairs, broken boilers, damp or rot and replacing roof tiles that have been dislodged by extreme weather.
Replacing Gadgets
As with cars, many gadgets are likely to be pretty much essential to your day-to-day life. Prime examples of truly essential gadgets include mobile phones and computers. Other gadgets, such as tablets, e-book readers or games consoles may not be as essential, but they can still be so useful or so central to your ability to enjoy your leisure time that you may still be reluctant to do without them.
When gadgets go wrong, they will probably need replacing (though it is definitely worth investigating whether repairs are possible, as well as double-checking they are still in warranty). Replacing broken gadgets can be an expensive process, and sometimes gadgets that aren’t even broken might need replacing. If a computer is quite old, for example, it may not be able to run essential software that you need to have access to.
Rising Bills
Sometimes your bills can go up. In the short term this probably has a smaller impact on your finances than a large, one-off expense, but in the long term it will have a sustained, constant effect on your everyday budget. Bills, in this context, may be taken to include things such as rent, insurance premiums or the cost of your journey to work if you commute using public transport. In some cases, such as insurance or utilities, it may be possible to mitigate the effect by switching providers. Sadly, however, this is not always an option.
Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.
POCKET EXPENSES The fees set forth above shall be in addition to the payment of out-of-pocket expenses, as provided for in Section 4 of this Agreement.
Program Expenses means all the Authority's expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by the Authority.
Travel Expenses means any costs incurred by Licensor associated with the transportation, storage or lodging of equipment, supplies, Licensor employees and other items necessary for business use from Licensor headquarters to Licensee’s facilities. Travel expenses may include, but are not limited to airfare, hotel costs, and meals if applicable. Any travel expenses paid by the Licensee shall be paid at allowable government travel rates consistent with Management Directive 230.10, unless otherwise first approved by the Licensee’s authorized representative.
Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].
Administration Expenses means all fees, disbursements, expenses, costs, taxes and any other amounts incurred or payable by the Plaintiffs, Class Counsel or otherwise for the approval, implementation and operation of this Settlement Agreement, including the costs of notices, but excluding Class Counsel Fees and Class Counsel Disbursements.
Management Expenses means expenses incurred in the administration of an insurer which are not commission payable and, in the case of general insurance business, are not incurred in claims paid, claims outstanding, expenses for settling claims and expenses for settling claims outstanding;
O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.
Expenses shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever, including, without limitation, all reasonable attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, fees of private investigators and professional advisors, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, fax transmission charges, secretarial services and all other disbursements, obligations or expenses in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, settlement or appeal of, or otherwise participating in, a Proceeding (as defined below), including reasonable compensation for time spent by Indemnitee for which he or she is not otherwise compensated by the Company or any third party. Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding (as defined below), including without limitation the principal, premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.
Transition Expenses means, if the Backup Servicer has become the successor Servicer, the sum of: (i) reasonable costs and expenses incurred by the Backup Servicer in connection with its assumption of the servicing obligations hereunder, related to travel, Obligor welcome letters, freight and file shipping plus (ii) a boarding fee equal to the sum of: (A) the product of $7.50 and the number of Contracts to be serviced with respect to the first 10,000 Contracts to be serviced; and (B) the product of $6.00 and the number of Contracts in excess of 10,000 to be serviced with respect to any additional Contracts to be serviced; provided, however, that the boarding fee shall not be less than $50,000.
Qualified expenses means lost wages not compensated by sick pay and unreimbursed medical expenses as defined for federal income tax purposes, to the extent not deducted in computing federal taxable income, whether or not the taxpayer itemizes federal income tax deductions.
Legal Expenses means the fees, costs and expenses of any kind incurred by any Person indemnified herein and its counsel in investigating, preparing for, defending against or providing evidence, producing documents or taking other action with respect to any threatened or asserted Claim.
Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.
Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.
Cash Expenses means, for any period, the operating expenses for the operation of the Property as set forth in an Approved Annual Budget to the extent that such expenses are actually incurred by Borrower minus any payments into the Tax and Insurance Escrow Fund.
Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.
Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursement from the Settlement Fund.
Operational Expenses means all expenses paid or incurred by the Landlord in connection with the Property, the Building, the Common Facilities and any other improvements on the Property and their operation and maintenance (other than Taxes (which are separately allocated to the Tenant in accordance with subsections 10.1.1 and 10.1.2 of this Agreement), Capital Expenditures (which are separately allocated to the Tenant in accordance with subsection 10.1.5 of this Agreement) and those expenses contemplated by subsections 10.1.6 and 10.1.7 of this Agreement)) including, without limiting the generality of the foregoing:
Nonrecoverable Workout-Delayed Reimbursement Amounts Any Workout-Delayed Reimbursement Amounts when the Person making such determination in accordance with the procedures specified for Nonrecoverable Servicing Advances or Nonrecoverable P&I Advances, as applicable, and taking into account factors such as all other outstanding Advances, either (a) has determined that such Workout-Delayed Reimbursement Amounts, would not ultimately be recoverable from late payments or any other recovery on or in respect of the related Mortgage Loan, Serviced Whole Loan or REO Loans or (b) has determined that such Workout-Delayed Reimbursement Amounts would not ultimately be recoverable, along with any other Workout-Delayed Reimbursement Amounts and Nonrecoverable Advances, out of the principal portion of future collections on all of the Mortgage Loans and REO Properties and from general principal collections in the Collection Account.
Liquidation Expenses All customary, reasonable and necessary “out of pocket” costs and expenses incurred by the Special Servicer in connection with a liquidation of any Specially Serviced Loan or REO Property (except with respect to a Non-Serviced Mortgaged Property) pursuant to Section 3.16 (including, without limitation, legal fees and expenses, committee or referee fees and, if applicable, brokerage commissions and conveyance taxes).
Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.
Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.
Claim Expenses means reasonable attorneys’ fees and all other reasonable out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any D&O Claim for which indemnification is authorized pursuant to this Section 6.6(a), including any action relating to a claim for indemnification or advancement brought by a D&O Indemnified Party. No D&O Indemnifying Party shall settle, compromise or consent to the entry of any judgment in any actual or threatened D&O Claim in respect of which indemnification has been sought by such D&O Indemnified Party hereunder unless such settlement, compromise or judgment includes an unconditional release of such D&O Indemnified Party from all liability arising out of such D&O Claim, or such D&O Indemnified Party otherwise consents thereto.
Current Expenses means operating costs other than personal services and shall not
Overhead costs means the actual costs incurred or the estimated costs to be
Reasonable Additional Expenses means expenses for meals, taxi fares, essential telephone calls, local transportation, and lodging which are necessarily incurred as the result of Trip Delay and which are not provided by the Common Carrier or any other party free of charge.
Unforeseen expenses While the Company is not aware of any expenses that may need to be incurred that have not been taken into account, if such expenses were subsequently incurred, the expenditure proposals of the Company may be adversely affected.","Unforeseen expenses The Company may be subject to significant unforeseen expenses or actions.","Some examples of when such modifications may be required are as follows: ◼ Directed to do so by Ofgem, or at a Director’s request;◼ Changes in the regulations, or the law;◼ Unforeseen expenses and significant changes in the economic environment;◼ Modifications to the GDNs’ and other GTs' transportation charges; and◼ The formulas for the GDNs’ tracking need changing to ensure RPC is adhered to (see section 5 for more details).","Unforeseen expenses shall be preapproved by the Board of Directors or any executive committee created by the board prior to incurring the expenses.","Unforeseen expenses in connection with repatriation, an extra return trip, interruption of the trip or a delayed return journey Should unforeseen expenses arise in connection with an insured event (taxi fares, telephone costs etc.), AGA will pay the additional cost up to a total of CHF 750 per person, if there is an additional limit to compensation for telephone costs up to a maximum of CHF 150 - within this limit.","Unforeseen expenses: Bills from auto repair, home repair, health care, or other services, along with insurance and benefits reimbursements, co-pay requirements, etc.","Unforeseen expenses If unforeseen expenses (taxi, telephone, etc.) arise in connection with an insured event, then AGA provides coverage for those additional expenses up to CHF 750 per insured person.","Unforeseen expenses Assumption of the additional costs up to a total of CHF 1,500 per in- sured person if unforeseen expenses (taxi fares, costs of accommoda- tion and telephone calls etc.) are incurred in connection with an insured event.","Unforeseen expenses not budgeted for (i.e. stolen equipment) Contingency funds will not be used for:1.","Unforeseen expenses incurred due to inclement weather will be evaluated on a case by case basis.Any request for variation and/or exception to this Policy shall require approval from the Livingston County Board of Commissioners."],"id":"unforeseen-expenses","title":"Unforeseen expenses"},"groups":[{"snippet":"means living costs which were unexpected and cannot be avoided.","samples":[{"uri":"//apps.azsos.gov/public_services/Title_06/6-13.pdf","label":"apps.azsos.gov","score":8},{"uri":"//qa.azsos.gov/public_services/Title_06/6-13.pdf","label":"qa.azsos.gov","score":8},{"uri":"//des.az.gov/sites/default/files/media/2017-2018_CSBG_State_Plan_Draft.pdf","label":"des.az.gov","score":6}],"size":3,"snippetLinks":[{"key":"living-costs","type":"clause","offset":[6,18]},{"key":"unexpected","type":"definition","offset":[30,40]}],"hash":"d9b4fb65659793a5351780c51e49275a","id":1},{"snippet":"means any reasonable Chiron Expenses or Ortho Expenses which are not contemplated by an Approved Budget, which could not reasonably have been foreseen at the time revised projections for the calendar year in question are first submitted to the Supervisory Board pursuant to Section 2.8 below, and which are incurred in connection with defending, settling or otherwise discharging any liability to a third party (including expenses contemplated under Article IX (Patent Litigation) and Article X (Indemnity)) or are incurred as a result of loss or damage beyond the control of either party, including, without limitation, fire, earthquake, other natural disasters, acts of God, acts of public enemy, riot, vandalism, insurrection, governmental regulation of the sale of Products or the transportation thereof, strikes or other labor disturbances, boycotts, and shortages of material or labor; 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