Emergency account Archives

Why Do We have Unexpected Expenses

On occasion I have to deal with unexpected expenses that throws off my budget. What can I say this is how life works and we either have to be ready or not to deal with the issues. How many times have you heard the phrase Murphy’s law, which references anything that can go wrong will go wrong. The emergencies or events almost always happen at inopportune times. Why do we have unexpected expenses? (No one knows but they sure stink)

Well this recently happened to me and it really makes it difficult to think optimistically. Challenging times are not easy but also completely help you realize a fire within you to push forward. The incident that made my heart skip a beat, was a major car accident. Another driver fell asleep and hit my parked car at 6 a.m. last Saturday morning.

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The 3 Emergency Fund Accounts

Let’s jump right into this one and begin to discuss the purpose behind the 3 emergency fund accounts. An emergency can happen at any given moment, but will you be prepared to fight through the financial snow storm? In my situation I have about 3 accounts that I can tap if an emergency arises. It helps me sleep better at night because it’s a safety net waiting to catch me if I fall on hard times. Now what is considered hard times is up for debate, as some people feel a trip to the beach for a week is considered hard times.

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Reasons you need an Emergency Fund

I released a gem of a post a few months back and it was all based on the good old emergency fund topic we all love. Now I will impart unto you a second rendition of the reasons you need an emergency fund.

This is a great topic that everyone can relate too, and I created with a semi-comedic twist to make all of you crack up literally while reading. Talking about money can be funny if you just try a different approach.

I wonder if everyone had an Emergency fund how much easier and simpler life can be. One of the basic foundations of money management is having a savings fund. If this is too hard for you, and you are employed in today’s world then something is seriously wrong. Now let’s get back to having a blast with this topic as I would like to keep things light.

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Emergency Fund Heck Yea

I recently wrote a piece titled the 5 reasons you need an emergency fund and it was a success. Now I want to give you a sequel to the subject at hand named emergency fund heck yea. I implore you to do anything possible to build this baby up because in life we have no real safety nets. Mind you I want this to be a funny post, provided by actual circumstances that might have happened to me, someone else or just plain old fiction.

We just don’t know when bad luck will hit our doorstep, and I am doing a community service by giving you these reasons below for your cackling amusement. Mind you if you are Derek Fisher (NBA Coach) you should stop reading right now, because he just signed a $25 million dollar contract.

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5 Reasons you Need an Emergency Fund

Hello my friends today we will entertain you with a fun light hearted post. Let’s discuss how you can revel in the security behind having an emergency fund account. This has been done many times over and I truly don’t understand why individuals can’t grasp this, as the benefits behind having an EF are overwhelmingly simple to comprehend. Now you can argue that there are 5 reasons to not have an emergency fund, and I’ll say to you stop hating.

I know life has its drama and at times situations prevent you from saving. Move forward and make the best of the present. Just take any of the 5 reasons mentioned and smile because you probably had the same thought once in your life and couldn’t implement the emergency fund then. See below for the 5 reasons why you need an emergency fund.

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How not to use Emergency Funds

In this article listed in Daily Finance the author expresses how he used his emergency funds to cover a big car repair bill for a 2002 Honda Accord. He spent 5 grand on an 11-year-old car that is probably not even worth that much if he were to trade it in. If this person understood the value behind his money he would have used his 5 grand in a much better fashion aka value based spending. Keep reading to understand how not to use emergency funds.

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