You Should Invest Money In An Emergency Fund

An Emergency Fund changes your entire outlook on money. Here’s why you need one and how to set it up.

Photo by Travis Essinger on Unsplash

I wish I had an Emergency Fund in May 2017. I had just gotten back from a family trip to California, where my brother used to live, and I had spent a lot of money there — about 1500$.

I knew that when the bank would reduce the payments from my account on the following month, I would be in big trouble. Not only did I not work for an entire month, but I also took those days as a no-payment vacation. That meant I had to find money to cover those expenses and fast.

You’re probably asking yourself why didn’t I take those days as vacation days from my workplace? The answer is simple — I was not happy there, and I planned to leave. I finally went in September 2017. I didn’t want unnecessary deductions. In hindsight, it was probably better to have those days deducted from my last paycheck instead of suffering from bank issues as I did. Nevertheless, it was a fantastic lesson in managing my finances as you’ll soon see.

I Searched For Ways To Cover My Expenses

So, I had to cover those expenses fast, and I couldn’t find a way to do it. Asking for help was out of the question because I…