Flourish - eMag - Mar 25 - Flipbook - Page 51
WHY YOU
NEED AN EMER
GENCY
1.
Uncertain FUND
Economic Times
E
conomic uncertainties are a constant
reality. From rising living costs to
昀氀uctuating job markets, 昀椀nancial
stability can feel precarious. An
emergency fund acts as your 昀椀nancial
safety net, giving you peace of mind during
turbulent times.
3.
Unexpected
Job Loss
N
o one likes to think about losing
their job, but it’s a possibility we all
have to consider. Having a 昀椀nancial
buffer can keep you a昀氀oat while
you search for your next opportunity.
2.
Avoiding
Debt
W
hen emergencies strike, many
people resort to credit cards or
loans to cover costs. While these
can be helpful in a pinch, they
often come with high-interest rates that can
spiral into long-term debt. A solid emergency
fund means you can handle unexpected expenses
without falling into the debt trap.
4.
Peace
of Mind
K
nowing you have funds set aside for
emergencies can reduce stress and
help you focus on other areas of
your life. It’s not just about 昀椀nancial
security; it’s about emotional wellbeing too.
