We believe in saving for a rainy day.
When Jacob and I first got married I'd never had much experience with this philosophy. Sure, I'd had cash on hand before, but usually I was saving it for some expense or trip or thing that I wanted to buy in the future.
I'd never really considered having money on hand that just sat there to pay for emergencies or events I could not anticipate.
So after our marriage, Jake had such a fund and suggested that we continue to add to it. We put in a little money each month, and over time those contributions added up so that when our car unexpectedly broke down the following summer and needed a $1300 dollar repair, we had the money on hand to pay for it.
That experience sold me on the emergency fund- cash that just sits in the bank or a liquid account to be used ONLY in
unexpected times of financial crisis. It is not a vacation fund or a buy
the latest gadget fund. It is a fund that will protect you and bring
you peace of mind that no consumer good ever could.
Since that time, we have always made it a priority to add to our emergency fund. Jake and I are far from perfect with money. We have made financial blunders and mistakes. But I can tell you that this experience would be so much worse if financial stress were added to it.
Saving is a universal principle that promises peace of mind, resource in times of struggle, and protection against the inevitable storms of life. There is no good you can buy, no food you can eat, no trip you can take which promises that.
Saving money for a rainy day is something we can't afford not to do.
3 comments:
Good point Jordan! We do this too and it does add peace of mind.
Good counsel, Jord. Hard to do, but necessary
Vfr
Your self-discipline and healthy income are a great blessing to your family. I'm glad that you learned to manage money so well. It's proven to be of great "worth" especially now.
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