Tag: emergency fund

Posted on

Dealing with Money: How to Find a Financial Balance

I used to hate it when, after receiving a windfall, a big and necessary expense would suddenly come up. It’s like fate is testing my drive to save money. You know, instead of keeping the cash for a brighter future, I get to spend it. But lately, I have realized that God really never fails to provide for my needs. Things could have been bad. What if I didn’t have any moolah and a big and necessary expense has suddenly come up? I should have been grateful instead of whiny.

balance
Image Source: http://breakingmuscle.com/mind-body/finding-balance-in-our-physical-personal-and-professional-lives
Continue reading “Dealing with Money: How to Find a Financial Balance”

Posted on

Emergency Fund: What, Why, and Where

Emergency fund is money set aside for use in cases when you suddenly have to spend on something very important or urgent. It could be anything from job loss, sickness, and unforeseen expense. Actually, you can recognize it easily when you experience it.

Emergency fund, or funds for that matter, should be accessible any time the need for it arises. Personally, I had been aware of the concept of emergency fund during my high school years and I got to build up my own only when I got my first job. I didn’t take it too seriously then. As long as I had some money in my savings account, I thought I was okay.

Continue reading “Emergency Fund: What, Why, and Where”