Why an emergency fund is necessary for eberyone.

Etini Willie

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Imagine you wake up one morning and have prepared to leave home for the day's activities. Only to step out and your car refuses to start. Or you just woke up feeling a headache, you call your doc and he recommends that you take bed rest in the hospital. Note that the two events are unplanned. But you still need to fix them. Where is the money going to come from to fix them? That's where your emergency funds come in to help you.

An emergency fund is a part of a person's income set aside to specifically. meet up with unforeseen and unplanned happenings. An emergency can happen at any time and it is the person's responsibility to meet up and manage it. The best way to tackle an emergency is to always be prepared financially. When you have money, it is easier to initiate the action to a problem. When you don't have money, even the ideas you have will be meaningless. It is quick for a problem to be tackled when there are funds. If there are no funds, the problems would keep on escalating to the point it becomes unbearable. Please everyone should strive to have an emergency fund.
 
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