How to handle unexpected expenses without the stress

Flat tire? Broken fridge? Surprise vet bill? Life happens—and sometimes it’s expensive. While you can’t always predict when something will go wrong, you can be ready for it. 

Here’s how to deal with unexpected expenses without losing your financial footing. 

1. Stay calm and assess the situation

When something breaks or goes off-track, it’s easy to panic—but most financial issues feel worse in the moment. Step back, figure out what needs to be paid now, and what can wait. 

2. Look at what's available 

Check your current budget, savings, or emergency fund. Even a small amount can make a difference. Do you have prepaid cards, store credit, or rewards points you could use to help cover the cost? 

3. Prioritize the must-dos 

If you’re facing more than one expense, tackle the most urgent ones first—like anything related to housing, transportation, or safety. Then work your way down from there based on deadlines and importance. 

4. Explore short-term financial solutions

When your budget can’t stretch far enough, there are options that can help cover unexpected costs: 

• Payday loans offer a short-term option to help with urgent expenses before your next pay cheque. These loans are typically for smaller amounts and are generally due to be paid back on your next payday. With a Payday Boost from Money Mart®, you could borrow up to $1,500 in minutes and borrow your first $300 on us (terms apply). You can apply online here.
   
• Installment loans provide more time to repay, with fixed payments spread out over weeks or months. These can be a helpful option for larger or longer-term needs. With a Money Mart® Installment Loan, you could borrow up to $25,000 to take on what’s next, on your terms. If this sounds like a good fit for you, you can apply in-branch or online here. We’re here for you when you need money. 

Before borrowing, make sure you understand the terms, fees, and repayment schedule. At Money Mart®, we’re committed to helping you find the solution that best fits your situation. 

5. Make a recovery plan 

Once the expense is covered, take a few minutes to regroup. Can you adjust next month’s budget to catch up? Even small changes—like trimming non-essentials or delaying a purchase—can help you get back on track. 

You’re not alone—and you’ve got options 

No one plans for a financial curveball, but you can bounce back from it. Need a little extra help to bridge the gap? We’re here when you need us.