Money is one of the biggest causes of stress for most people and if you are struggling to make ends meet, life can be very tough. That’s why it is so important that you are careful with your spending, and you put a good amount into savings every month.

Unfortunately, even if you do everything right, you could still find yourself in financial trouble because life is always unpredictable. There are some unexpected life events that can cause a lot of money issues, and if you are not prepared for them, you may struggle.

However, if you know how to manage these big curveballs, you can avoid any serious financial problems.

Relationship Breakdowns 

When you are in a long term relationship with somebody, you may eventually decide to combine your finances, and that’s fine. There are a lot of benefits to doing that and being in a relationship means sharing everything. However, it can leave you in a tricky position if the relationship breaks down because you are both reliant on one another financially.

When your available income is effectively cut in half, it is difficult to cover all of your expenses. The best way around this is to keep some money for yourself. You can still blend your finances with your partner, but you should also keep a separate account for yourself and put a little bit of money aside each month. That way, if the relationship does break down, you have some money to fall back on while you get yourself sorted again. 


A serious accident can also land you in financial trouble because you will have to manage your medical bills and you may also have to take a long time off work. This is one of the reasons why it is so important to have an emergency fund in place so you can still continue to cover your living expenses without resorting to borrowing.

If you are involved in a serious car accident, you should also consider claiming compensation. This will help you to manage your medical bills and a big payout can help you to sustain yourself until you are able to go back to work. 

Caring For Elderly Parents 

As your parents get older and they develop health issues, you will have to step up and help with their care. This can be very difficult to manage if your finances are already stretched, so you need to be prepared for it. You may have to pay for in-home care or a residential care home if they need round the clock assistance.

In some cases, you might decide to move them into your home, and there are a lot of costs associated with that as well. If you do have to pay for care for an elderly parent, it is important that you try to find savings elsewhere in your budget. You should also make sure to ask for help from the rest of the family. If everybody pitches in, it is a lot easier to manage the cost of care. 


You never know when life is going to throw you a curveball, so it is important that you are prepared to deal with these things so you don’t end up in financial trouble. 

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