Why I Don’t Bother With an Emergency Fund Story

Why I Don’t Bother With an Emergency Fund

There are certainly a number of good reasons to hold a traditional emergency fund, but there are also arguments to be made against them.

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Why I Don’t Bother With an Emergency Fund

As you probably know, an emergency fund is meant to be a buffer for unexpected costs or bumps in the highway of life. These might include the following.

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1. Unexpected health care costs, like an ER visit for broken bones, suspected appendicitis 2. Unexpected house issues: roof leak, broken pipes & subsequent flooding

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Here are the considerations that went into my decision: 1. We are a dual income family 2. Delayed payment from work 3. Disability insurance

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4. Passive income 5. Home equity line of credit 6. Opportunity cost

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So what happened to that sizeable emergency fund of mine? I chose to invest it and so it went to crowdfunding, investment properties, and taxable accounts, to name a few.

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I believe that you need to be prepared to handle life’s unexpected circumstances. After all, the one thing we can count on is that life is unpredictable.

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