If you have been building a great financial life without thinking of an emergency fund, then you are building on the wrong foundation, that finance you are developing is only going to stand if there is an emergency fund at a corner that you can quickly use to save yourself from any form of embarrassment.
Emergency funds keeps your investment intact, while you are trying to get to a level of financial achievement you are certainly going to consider investing some of those funds and without an emergency fund, you will eventually withdraw all the investment at a price that is not really cool which means you are running at a loss.
You may have your financial life going really great and an amazing family to complement, yourself and your husband are having your salaries coming in at the appropriate time but all of a sudden, your husband’s car suddenly breaks down or you wake up to some part of your house in flames and you have used up your last salary and only expecting another salary to come in, at this point if you do not have a family emergency fund saved up somewhere it is likely that you go back to the credit card loan in order to fix the embarrassing issue and that only means getting into more debts. If credit card is not even your thing, the embarrassment of asking some friend and family member is one thing you have promised yourself never to experience in life anymore, so why not consider an emergency fund.
One way to save emergency funds easily is by taking advantage of fast deposit from your pay check, there is going to be a monthly deposit of fund into a separate account where you have no immediate access to, this will keep you from spending everything you earn and before you realize what is happening, you have a good amount in emergency fund to your name.
One other way to keep to your plan about the emergency fund is having a separate account to keep it apart from the account that holds your daily expenses. The awareness that the money in that account cannot and should not be touched will restrain you from taking from it, it can even be practically labelled emergency fund. An emergency fund is not a onetime thing, if emergency fund saved you once and you have used it up, it is logical for you to replenish the account so that it can save you again.
