The Ascent is reader-supported: we might earn a commission from offers with this web page. It’s how we generate income. But our editorial integrity ensures our experts’ views aren’t affected by payment. Have you considered these consequences of not having a crisis fund? Do an emergency is had by you fund that covers three to 6 months’ worth of bills? If you do not, you can become wishing you had been better ready when an inevitable emergency pops up.
Unfortunately, emergencies certainly are a fact of life that will happen to anyone at any time. If you’ve put three to half a year of living expenses in a high-yield savings account that you’ll access when needed, you will be economically ready for whatever life throws your path. You could come to regret that if you haven’t saved for unexpected surprises, though, there are three big reasons.
1. You’ll have to deal with added stress in a bad situation
Emergencies are undeniably stressful. All things considered, an urgent situation can be an unanticipated negative life event that you will need to handle immediately. (mais…)