Greetings Friends of Defined Sight!
Earlier this year we we shared an article how a budget and an emergency fund go hand-in-hand. Both are underappreciated and can be overlooked; only 39% of Americans can cover a thousand dollar expense. You don’t have to be an economics genius to understand this doesn’t cut it when life throws you curve balls.
Today we bring to you 3 scenarios of why you might need a huge @$$ emergency fund. These are 3 very real life situations that could happen to you, but we hope never do.
1. Your Home Is Damaged And Insurance Doesn’t Cover It
We shared in the last post our home was damaged by a flood, caused by our neighbor and we were in the midst of battling it out with insurance companies.
Our insurance company gave us the middle finger. Nothing covered. [Read more…] about 3 Real Life Situations That Require A Huge @$$ Emergency Fund