Saving for emergency helps alot but demanding.
I will like to shere my view on this contest because i have experienced it before.
We live on the world where one can't ascertain eventualities at anytime. Though planing for emergency fund is quite necessary. Well I have been in so many situation where I have to spend money I never planed for either to help a relative or even help myself out of an unplanned situations. And this has really helped a lot. That is when I realized the important of saving for emergency.
Both jokes apart it wasn't an easy task to do because there are so many bills to pay and things to take care of. And more so the economy situation on ground doesn't make it easy to save talk more saving for emergency.
Emergency fund is a money set aside in case of eventualities that are not planed for such as accident, loss of job, medical emergency, repairs and lot more. Even right in front of you, you really don't know what might happen that really need to be solved immediately.
Source:[https://nairametrics.com]
Personally have made it a point of duty to save a penny from any income I have either a gift or money received from a job done apart from the normal saving plan at hand.
This step has really help me a lot and keep me in line with my set goals.
Emergency fund is very important because it has really helped me in so many situation I will advise you all to save in rainy day in order to combact any eventualities that may occur unplanned for.
This is my submission.
