Having an Emergency Fund Ensures You Won’t Have Emergencies

*Sorry for not posting for awhile. I had some technical issues with Bluehost and foolishly thought I could resolve it myself. I finally contacted tech support and of course they took care of it in 3 minutes. What’s the lesson we can all take away from this? When you need help, don’t be afraid to ask for it! Now. let’s continue to our regularly scheduled programming and learn how having an emergency fund ensures you won’t have emergencies.

Some people are resistant to having an emergency fund for various reasons. I get it, it sucks to have your money just sit in a bank account and not be able to touch it. There are those who choose to not have an emergency fund so that they can spend their money. Some people may feel they don’t need an emergency fund because emergencies don’t happen to them. Unfortunately, there are also some who simply don’t make enough money to save up for an emergency fund.

I’m a firm believer in having an emergency fund and I’ve realized that because of having such a fund, I’ve actually been able to avoid having emergencies in my life. No, an emergency fund isn’t magic. It doesn’t create a safety shield around you and save you from having mishaps in life. But, an emergency fund ensures that when pesky, tough issues arise, you actually have the money to resolve.

I’ve always considered myself lucky in that I haven’t had to deal with financially crippling issues. Upon further reflection, I realized that I’ve had my share of “emergencies.” I’ve just had the good fortune of having an emergency fund that helped me get out of sticky situations. Here are some of the ways my emergency fund helped me out and I hope the stories will inspire you to save for your own emergency funds if you haven’t done so already.

Traveling Out of the Country

Four years ago, my grandma passed away. The trouble was, she lived in a different country and attending the funeral meant a very expensive plane ticket. I’m gonna be honest, I did briefly consider not attending the funeral because I didn’t want to spend the money. Then, I came to my senses. I wasn’t able to spend a lot of time with my grandma during her lifetime so I made sure I was there for the funeral.

It was painful to drop $1,000 for a plane ticket but having an emergency fund made it a little easier to bear. I was able to pay for the ticket out of the fund instead of taking it away from money that was budgeted for my monthly needs and living expenses. It was very assuring to know that I wouldn’t be going into debt because of this unexpected expense. I charged it to my credit card and promptly paid it all off the next month.

Car Trouble

Another situation that comes to mind is when I started having issues with my 14 year-old car. Given the age of the car, there were regular wear and tear issues such as replacing brake pads, tires, batteries, etc. One day after work a couple years ago, I stopped by the mailbox to pick up mail. I like to stop by after work in my car because I’m too lazy to walk there, lol.

I get the mail, get back in my car and oh my god the car wouldn’t start. I asked my neighbor to give me a jump, thinking it was time to replace the battery again. Nope, the car still wouldn’t start. I was only 2 blocks away from home but had no way of getting the car home and of course, it was stopped next to a fire hydrant! My super duper nice neighbor helped push my car away from the hydrant and I walked the 2 blocks home. You know what made it worse? Hubby was out of town and I couldn’t drive his car because I don’t know how to drive a stick.

Let me list out all the things I ended up spending money on: tow truck to get my car to the shop, getting a rental car to get to and from work and running errands, and paying to get the car fixed (it turned out the fuel pump needed to be replaced). I shelled out nearly $1,000 and thankfully, the emergency fund bailed me out.


Last year, hubby had the misfortune of being laid off. It was a maddening time and very, very frustrating. There were moments of fear and stress but we coped. How? The emergency fund. No one wants to involuntarily lose their job and be down one income. But, having an emergency fund helped us deal with it.

It was reassuring to know that if our savings dwindled, we can turn to our emergency fund instead of racking up debt. The fund helped ease stress and prevented potential marital conflict. Money is the number one reason for marital strife. If you can eliminate the source of potential arguments, you increase the odds of a happy marriage.

Do you have experiences with your emergency fund coming to the rescue?

An emergency fund isn't a magic cure-all but it can do a lot. They provide peace of mind and security. Learn why an emergency fund benefits you.