Emergency funds are critical during your debt pay off journey and even after. I feel as though we all should have some form of an emergency fund as emergencies happen. Your emergency fund could support the loss of job/ income, unscheduled car maintenance, and unexpected deaths.
Here are 3 other things I add into my emergency fund
- Family Pains – If you have a family like mine, sometimes lending or donating to an overarching emergency happens. I also deposit $15/ month for things like this.
- Loss of job/income
- Unexpected car maintenance – Especially if you drive an older car