Thoughts of Emergency Fund

Uncertainty in life is natural and we have no power to avoid it and most of the time uncertainty strikes us badly. There is no guarantee of life and we can't say what will happen in the next moment. We can't control it but we can prepare for it except if we are not dying. Most of the time uncertainty strikes us financially otherwise emotionally. In the case of emotion, we can overcome it with time and it's a different topic but today I am going to discuss the financial thing here.

Health is wealth and remain healthy is the blessing of the Almighty and we can understand it whenever we become sick. It doesn't matter how much we try to remain conscious about our health issues, somehow we become sick which is normal. It's the thing beyond our control although living a healthy life minimizes the chances of getting sick. Sometimes we can recover from our sickness within a short time and sometimes it takes a good amount of time and it depends on what kind of sickness we face. We need to take treatments in that kind of time and financial issues automatically come in that case also and it plays the most important role because it's the thing that creates influence greatly. Sickness is an unwanted and uncertain thing but it's capable enough to give us a huge blow financially because sometimes we need a huge amount of money for it. In case of an accident, job loss, and other things, it's almost the same and we need to face a financial blow. The reason behind it is that we don't prepare our fund for that kind of situation which is known as an emergency fund.

There is no doubt that we all should try to create an emergency fund for the emergency situation and it's necessary also. We need to create it before the time otherwise we need to face the financial crisis later for it. I have seen some people who think that the almighty will keep themselves and if any kind of emergency situation almighty will take care of the situation and somehow the finances will be arranged automatically. It's true that somehow they manage the finances for the situation to overcome but then they suffer many months or even years as the consequences of not arranging emergency funds. Trusting on the Almighty is a very good thing and I also support it but the Almighty never said to be foolish or said to wait for a miracle. Almighty gives us a creative mind and obviously, it has given for some purpose and if we should use it to create balance in life. Not for making foolish decisions. One thing is to remember that it's true that we don't know what will happen in the next moment but we plan for the future. So what not it's applicable in case of emergency fund.

Having an emergency fund helps us to avoid debt and it means we don't need to ask for money from others in emergency situations. That is the thing which can give us confidence and a different hand of satisfaction also. We set some financial goals to achieve in our life and we always try to achieve them but every time because of uncertainty our financial goals are disrupted. Happening this again and again sometimes makes it impossible to achieve the goal. If we create an isolated emergency fund then there will be no chance of getting disrupted for uncertain financial problems.

Finance plays the key role most of the time in our life. And sometimes just for a single uncertain incident we may need to suffer for the whole life and we may need to pay debt for a long time or all over the life. So it's better to create an emergency fund to enjoy sustainable finance in life.