Sunday, Nov 28

PENNY WISE, POUND FOOLISH: UNDERSTAND THE RELEVANCE OF EMERGENCY FUND Having an Emergency Fund for Rainy Days

PENNY WISE, POUND FOOLISH: UNDERSTAND THE RELEVANCE OF EMERGENCY FUND Having an Emergency Fund for Rainy Days

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’. 

UNDERSTAND THE RELEVANCE OF EMERGENCY FUND

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.