We all know that it’s best to have a plan, when it comes to almost everything. The Bible doesn’t leave out this tool. We need to plan. I’ve studied scripture to find Bible Verses about Planning. Let’s see what the Bible says! Genesis 41:34-36 Let Pharaoh take action to appoint overseers in charge of the […]
I can’t tell you how many times I’ve been thankful that we’ve had an emergency fund. You never know when something expensive will happen, and having a few months of expenses saved up has really alleviated the stress that comes with those unexpected emergencies.
This past year our family experienced more medical expenses than planned. Nevertheless, we made it through the year just fine. I was thankful we didn’t end up accumulating any credit card debt. I know that can’t be the case for everyone . . . so should you use your emergency fund to pay off debt?
Your emergency savings is set aside to be used for nothing but emergencies. Right? Right! But that very fund can also be used to help you save on insurance premiums . . . .
Do you need an emergency fund? Well, I used to think of an emergency fund as robbing myself. Thankfully, I learned how beneficial an emergency fund is to my long-term financial well being.
This post will walk you through the steps to leverage your emergency fund to make more money…. Everyone’s definition of an emergency is different. But, if you want it to be of some use to you, you need to have a strict definition of an emergency. Your emergency fund should put more dollars into your pocket once it has been well established. Here is how:
Just like with all of the parables that Jesus used to teach valuable lessons, there is some wisdom to be gained from the parable of the 10 virgins. As with most things in life, some were wise, some were foolish, and both reaped what they sowed. I have posted the whole parable below as a refresher… The parable of the ten virgins… At that time the kingdom of heaven will be like ten virgins who took their lamps and went out to meet the bridegroom. Five of them were foolish and five were wise.
I talk a lot about the importance of having an emergency fund and how it is a necessary ingredient to a sound financial plan. But, I thought we should step back and ask the necessary question, “Would Jesus have an emergency fund?”