We all know that life will throw curveballs at you at times. Despite all your best efforts in budgeting, an unexpected rainy day can rear its ugly head now and then.
I hope that nothing will go wrong in your life! This is what everyone hopes for, but financial security includes money for unforeseen incidents that can happen in life.
It is important to secure your emergency fund. Your financial freedom is dependent on the money set aside for your monthly needs, future needs, and unexpected needs.
I see an emergency fund as insurance. You are protected and covered in the short term and in the long term goals. It costs you some money upfront, but when something goes wrong, it
covers you.