Are emergency saving funds only for emergencies.

[CALVINDOL]

The fact that we call them emergency savings fund does not only mean that the money will save in them are only used for emergencies. Emergency is definitely something and individual cannot exit from him or her life and as long as an individual is leaving he or she is more likely to encounter emergencies in each day. Most emergencies usually involve the use of money in order to be made correctly handled well other emergencies may involve other social areas of human life. Money in our emergency saving forms can also be allocated for retirement funding, and by the word retirement funding I simply mean that we can use money in our emergency savings fund to better our retirement days. Money in our emergency saving phones can be used to establish a grocery store or any other business at all after our retirement so that from time to time we could make ends meet and have some sort of livelihood.

The money in our emergency saving funds can also be used as a means of engaging in different sort of investments. We do not allocate money in our emergency saving account for only emergency solving activities. But instead we can allocate a reasonable amount of money in our emergency saving account for investment activities in order to yield more and greater amount of money. The only activity that we do not do with our emergency saving funds, is the activity that involves spending on physical needs and wants.

 

[Sotherefore]

A lot of people have different bank account for saving purposes , but normally emergency funds is supposed to be mainly for emergency needs except for something very.

Sometimes these need are usually unexpected so the money should remain there but as long as there is no unexpected need that requires it, then such money has to still be in your bank account until such need arises except using it on something very important.

A lot of people after dedicating some of their monthly savings into emergency funding account and the money grow to some certain value, they might want to divert the money into some other things. well there's no problem with that. At least you are using it for something that will help improve your life and make it better but using it for something that is not in line with business is not the best because the money will still be needed somebody for something more important.