What Is Purpose of Emergency Fund

  1. In case you lose your job you will have enough money to live off of for 6 months. So if you have no emergency fund you have no business shopping.

  1. Car Repairs. They always come when you have no money. You must have a car in most cities to get to work to keep paying your bills. So you need money for emergency fund.

  1. Medical emergencies. Maybe not for a kidney but for co-pays for emergency surgery after an accident or deposit for braces after kid breaks teeth. Everyone mindset must change you cannot depend on the State or other parent or family to be prepared for your emergency or kid. SAVE AND KEEP SAVING.

  1. Home Fixing. There is nothing like the furnace breaking in the middle of the month and no money to keep the house warm. If your energy company offers appliance insurance I would advise everyone to get that sometimes it is only $9.95 a month.

Thank you for reading and hope that this article help you. Stay tuned for money management book release real soon!

www.creditbeastinc.com

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2 thoughts on “What Is Purpose of Emergency Fund

  1. Fuck my emergency fund might be enough for a meal at MCD’s 😂🤣☠️☠️☠️☠️☠️☠️☠️☠️
    I have been trying to save and every time I turn around my car needs something or now my kid needs braces

    Like

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