What’s the most expensive emergency you’ve ever had?
Good question right? If you’re like me you’re lucky enough to have never really had an emergency. I mean, sure I’ve had to replace my car tires before. Or buy a last minute plane ticket for a family issue. But these things are relatively insignificant in terms of dollars required. Maybe $1,000 tops? Hardly requiring us to have $10,000 on hand.
I think it’s safe to say, in the seven years I’ve now had an emergency fund, I’ve used it exactly ZERO times.
I’m trying to wrap my brain around a situation in which I would have an unexpected and legitimate need for $10,000 cash.
The only thing I can really think of that would require immediate need for a large amount of cash would be a house related issue. Maybe my roof completely caves in? Or my furnace catches on fire and destroys my basement?
Is this the reason I keep $10,000 on me at all times?
Seems a little paranoid, don’t ya think?
Aren’t a lot of these concerns the very reason I pay for homeowners insurance?
I can’t help but wonder how many of you have, at one point, needed access to a significant amount of cash?
How much, and why did you need it?
Today you entertain me, with your emergency fund related stories 😉