Opportunity. Most often than not we are faced with choices to make concerning our lives, businesses, family and other areas of life which requires that thought to move to the next level. True to form the subject of money always has a way of lightening up one’s mood, especially if it is about raking in more than just piling on debt. For all intents and purposes, money offers us more than luxury of things and comfort. It presents us with a salient opportunity in deciding what matters to us most when push comes to shove.

On a different breath, it serves as a measurement of an individual’s shrewdness and character in general and one can pretty much tell the heart of an individual just by looking at how he/she dispenses money quickly, hoards it, or save it. Being reckless with money are telltale indications of an unplanned life negotiating a curve to disaster.

Money is also a language on its own, as daily we argue, talk, think, live and dream money because acquiring the basics and necessities of life and achieving the great things in life is hinged on one’s purchasing abilities which involves money. It mostly solves situational problems instantly, hence the catchphrase: ‘Money stops nonsense’. 


As a notable man once remarked “opportunity is missed by most people because it is dressed in overalls and looks like work”. While most people work for money, others posit that they allow money to work for them. Both ways, we are only privy to and can vouch for the activities we engage in, in real time and mostly not how events will pan out in the next minute or two.

What money does in the most sublime way is to offer us an opportunity to make a choice and take a chance on life. How we treat it and our relationship with it will predominantly improve our lives or make it worse because money hardly ever has a mind of its own. People do! In such a fast-paced life, it is quite easy to succumb to the pleasures of the world and splurge without a care for tomorrow.

But the unpredictable nature of life usually throws caution to those who care to be stricter with their spending by campaigning for something more reliable like an EMERGENCY FUND to address the ‘rainy days’ everyone is usually confronted with at one point in our lives. Truth is that people love saving money, cutting back, and reducing expenses otherwise there wouldn’t be such long winding queues for ‘Black Friday’ and other promotional pitches and sales. 

That notwithstanding, sometimes there is a tendency to focus on the wrong things. While you’re busy feeling good about reducing little costs here and there, every once in a while, you neglect the larger picture. Ironically, we have one way or the other been ‘foolish’ with our finances when we had more than enough to spare and converted quite fast to being religious advocate in being spendthrifts when the money in the account starts to dwindle and echo on the stairway.

Undoubtedly, emergency funds are the backbone of strong personal financial plans and it’s imperative for one to learn why he/she needs emergency savings, where to put the money, and how much it requires. Indeed, it’s much easier to go with the natural flow of expenses as and when they come and the crucial significance of saving will never be a topical conversation when the issue of budgeting doesn’t creep up somewhere. Managing your budget can be stressful, especially if you have an unexpected emergency pop up.

Fortunately, there’s a way you can prepare for unexpected financial emergencies and a roadmap leading to such safe haven and ‘sheltered’ life doesn’t cost a penny. 


The pandemic has brought on not only health woes but has obstructed heavily the financial capabilities of most individuals globally. Its impact on most businesses and families are so dire that some have resorted to financial institutions to bail them out of the financial quicksand which is seemingly drowning them. By building up a savings buffer, otherwise known as an emergency fund, you can be prepared to pay for unexpected emergencies without having to turn to credit card debt, family loans, or other borrowing options that create unnecessary stress.

Although an emergency fund is a far cry from solving all of one’s money problems, it’s a great start to getting your finances headed in the right direction. Essentially, an emergency fund is money set aside for when an emergency upends your world and you need money to do what needs to be done. For what it’s worth, having an emergency fund gives you the peace of mind to know that should something truly awful happen, such as losing your job, you can worry about how to deal with the emergency itself and not worry about how you’re going to survive financially.

Unforeseen expenses can throw a wrench in your financial plans, especially if you don’t have cash on hand to cover them. Unarguably, the Covid-19 pandemic highlighted just how important it is to have cash savings in the event of a job layoff or loss, or an extended illness that prevents you from working. Even if you seemingly reside in a financial ‘safe bubble’ were being affected by a job loss or illness are poles apart from your current living condition, life has a way of throwing a financial curveball your way when you least expect it and are not prepared for it. Such unplanned expenses can show up in forms such as home repairs, unplanned car repairs, medical bills for an unexpected illness or injury, monthly expenses if you lose your job etc.