How often do you think to yourself about something you know you should be doing to make your life better, but you just fail to carry through with the action? This is how many people treat their emergency fund for whatever reason and I just can’t seem to understand it. I recently had a personal experience where my emergency fund saved me from further trouble. It happened on a typical weekend out. I went from enjoying myself, to being quite disappointed in a matter of minutes.
Money experts speak endlessly about the importance of an emergency fund. It is essential to every aspect of financial well being. Within the last couple weeks, I personally have had to utilize my emergency fund proceeds. I’m going to let all the readers here at Broke Finance into a glimpse of my life. My father has been dealing with various health issues over the last year. What compounds matters is the fact that he is hundreds of miles away. The quickest method of travel in order to see him is via plane, which can become costly.