This year has started with a bang. Several of the folks I have spoken with over the last couple of weeks have shared this statement with me, ” we are so glad we had an emergency fund…” You see, the unexpected happened to them, but instead of them standing there wondering what they will do they had an emergency fund that allowed them to better manage the situation that they found themselves in.
No one, absolutely no one, like to experience an emergency. However, whether we like them or not – they occur. They can be anything – a broken pipe, an appliance that died, a family emergency that required immediate travel – who knows what it will be. The only thing that I know, for sure, is that they are going to happen.
Having an emergency fund in place will not prevent emergencies from happening, but that emergency fund will lessen the blow. Having the fund equips you to fight the battle more securely than if you had no idea what you were going to do.
What does an emergency fund buy you? Not security and that’s for sure. The emergency fund will buy you peace in knowing you are ready to take the hit if the hit comes your way.
