Should I Use Emergency funds or Sell my Assets ?

[salad daging]

If indeed there is no other option, do it, but if there is another way out, take that method. Sometimes reserve funds are needed when others are not available. and this is a tough choice indeed. for sure everything has a deadline ending for example the Covid Pandemic in the end too. whatever you do using the reserve fund benefits not only for you but for your family as well.

Take any action if it saves them from the uncertainty of inequality but if you must have it then use the emergency fund because it is for needs in times like this, so it is important for anyone to save an emergency fund in times like this we can use it but sell other property assets...

The Covid pandemic is a lot of lessons for us where many people use emergency funds because of their uncertain conditions in their income, the best way with emergency funds to survive, when conditions are normal again you can start the same way, namely saving and preparing emergency funds again.

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[Pamadar]

If indeed there is no other option, do it, but if there is another way out, take that method. Sometimes reserve funds are needed when others are not available. and this is a tough choice indeed. for sure everything has a deadline ending for example the Covid Pandemic in the end too. whatever you do using the reserve fund benefits not only for you but for your family as well.

Take any action if it saves them from the uncertainty of inequality but if you must have it then use the emergency fund because it is for needs in times like this, so it is important for anyone to save an emergency fund in times like this we can use it but sell other property assets...

The Covid pandemic is a lot of lessons for us where many people use emergency funds because of their uncertain conditions in their income, the best way with emergency funds to survive, when conditions are normal again you can start the same way, namely saving and preparing emergency funds again.

Correct, once the situation got resolve you start again to save your money, for sure you learn a lesson from your experienced.

We don't know when the emergency will come up, but with the experienced we will start to
anticipate and we will allocate a certain amount to save.

It will help to avoid using your investment or your asset as you have dedicated savings
for any emergency it will cover the needs.

[carlfebz2]

If indeed there is no other option, do it, but if there is another way out, take that method. Sometimes reserve funds are needed when others are not available. and this is a tough choice indeed. for sure everything has a deadline ending for example the Covid Pandemic in the end too. whatever you do using the reserve fund benefits not only for you but for your family as well.

Take any action if it saves them from the uncertainty of inequality but if you must have it then use the emergency fund because it is for needs in times like this, so it is important for anyone to save an emergency fund in times like this we can use it but sell other property assets...

The Covid pandemic is a lot of lessons for us where many people use emergency funds because of their uncertain conditions in their income, the best way with emergency funds to survive, when conditions are normal again you can start the same way, namely saving and preparing emergency funds again.

Correct, once the situation got resolve you start again to save your money, for sure you learn a lesson from your experienced.

We don't know when the emergency will come up, but with the experienced we will start to
anticipate and we will allocate a certain amount to save.

It will help to avoid using your investment or your asset as you have dedicated savings
for any emergency it will cover the needs.

Dont wait for yourself to be put up on a situation on which you would really be regretting just because you havent been able to save up or been able to spend up into something. Always allocate  something on your savings on which it is true that not in all lifetime we cant really be able to experience emergencies and this is why savings or emergency funds would come into play but what if you dont have? For sure you would really be ending up on taking a loan or would really be borrowing just because you dont have the funds for that certain situation.

We arent hoping for accidents or emergencies but we do live a in life on which certain situations could happen which it would really be involving money and this is why its never been that something that you should neglect on. On the question in regarding on using up or selling your assets to invest on crypto space? then its not necessary on which if you do have an asset then you could actually invest on  crypto if you do like.
Expand out and diversify as much as you can and we know that opportunity on making profits or money is really there. You cant really just that make yourself that able to reach that financial
freedom if you arent wise on your investment and selling out your assets just because you are focusing on a single point?

[arimamib]

If indeed there is no other option, do it, but if there is another way out, take that method. Sometimes reserve funds are needed when others are not available. and this is a tough choice indeed. for sure everything has a deadline ending for example the Covid Pandemic in the end too. whatever you do using the reserve fund benefits not only for you but for your family as well.

Take any action if it saves them from the uncertainty of inequality but if you must have it then use the emergency fund because it is for needs in times like this, so it is important for anyone to save an emergency fund in times like this we can use it but sell other property assets...

The Covid pandemic is a lot of lessons for us where many people use emergency funds because of their uncertain conditions in their income, the best way with emergency funds to survive, when conditions are normal again you can start the same way, namely saving and preparing emergency funds again.

Obviously it is the right move to survive in the context of current conditions. Sometimes we have savings for our future but when our economy is getting more difficult and there is nothing else we can sell then these assets are worth using for current needs. For the current era, it is indeed difficult to predict both in terms of our work because everything can change quickly if the economic wave is not good. Where there is a layoff or anything that makes us lose our jobs that catch us by surprise therefore we need to set aside money for an emergency fund to deal with such conditions.

Apart from that, we also have to look at past experiences such as the Covid era where the economy almost stalled in a number of countries due to the disaster which made life difficult for many people. Therefore of that we have to prepare savings for things like that.

[Mr.right85]

I am torn between using my emergency funds or selling some of my assets to cushion the effect of this economic situation. What do you suggest I do?

Ther is a reason why you termed it an emergency funds and that's because, its a fund reserved for moments of great and immediate need which seems like the kind of situation your in. A position where your left with 2 contrastive choices and you cautious not to make any bad decion.

If you call it an emergency fund and this is about that situation, you might just as well allow it to solve that which it was meant for. Otherwise, you could endure and adjust your budgets to suit prevailing circumstances in accordance with your economy.

Having to sell your assets doesn't seat well with me as, assets are investments of some sort and have the ability to generate that which you could spend in the future. This makes selling it a don't for just any course.

[erep]

We don't know when the emergency will come up, but with the experienced we will start to
anticipate and we will allocate a certain amount to save.

It will help to avoid using your investment or your asset as you have dedicated savings
for any emergency it will cover the needs.

During the Covid pandemic, many people did not have emergency funds for their necessities of life and they hoped for financial assistance from the government to help their finances, due to the poor food conditions and high inflation that occurred in several countries.

So this condition is a warning for us to save funds for emergency purposes, I suggest that savings be kept in gold investments to provide price stability and avoid inflation, gold investments are easy to sell again whenever we need them for emergency purposes, we must have a savings fund 40 % of the total funds to maximize financial management, also to prevent selling our assets.

[paxmao]

Are you holding fiat? Do you not know that if you are holding fiat, it is like your government are scamming you, although it is not a scam, but it is a means to lose money as your fiat money lose value and unable to buy what you can use it to buy before.

Yeah, what is that saying?  Inflation is theft, taxation is robbery?  Can't remember if it's vice versa or not, but to your point I absolutely agree that holding cash for a significant length of time (and the "significant" part depends on the inflation rate) you're just letting inflation pick your pocket.

OP, I don't know what country you're in or what the inflation rate is or what assets you hold or, most importantly, what your specific financial situation looks like, but if you need emergency cash in order to live and you're not making enough money to pay your bills, that's what your emergency fund is for.  That's my opinion and others might disagree, but selling assets can be a taxable event in addition to you losing whatever potential profit you could make from holding them.  I assume your emergency fund isn't earning enough interest to beat inflation, so that would be my first choice to tap into.

And inflation is hitting us all pretty hard, no matter what country you're in.  Unfortunately, it seems like a lot of governments have adopted the same idiotic monetary policies and are digging the world economy into the same hole.  Best of luck to you, OP.

Inflation is robbery? Not exactly, inflation is effectively a transfer of value between people who own money to people who owe money. The other day I spoke with a guy from Poland that told me that in the times of hyperinflation, some people bought houses with a mortgage that after a few years could repay with "pocket money".

The key to let inflation play for you is to borrow in low interest times and fix the rate for a long time.

[Minecache]

We don't know when the emergency will come up, but with the experienced we will start to
anticipate and we will allocate a certain amount to save.

It will help to avoid using your investment or your asset as you have dedicated savings
for any emergency it will cover the needs.

During the Covid pandemic, many people did not have emergency funds for their necessities of life and they hoped for financial assistance from the government to help their finances, due to the poor food conditions and high inflation that occurred in several countries.

So this condition is a warning for us to save funds for emergency purposes, I suggest that savings be kept in gold investments to provide price stability and avoid inflation, gold investments are easy to sell again whenever we need them for emergency purposes, we must have a savings fund 40 % of the total funds to maximize financial management, also to prevent selling our assets.

I completely agree with your suggestion, although gold is an investment asset, it is well suited as a place to store savings because of its stability.
Fiat currencies depreciate very quickly, we should not hold them for a long time. But be sure only to use gold for savings, never use a volatile asset like bitcoin for storage. Many people think that putting money into bitcoin to save, but that is a big mistake because, as we have seen, its short-term volatility. Bitcoin is only suitable as an investment, it is not suitable for use as a store of value, such as savings or an emergency fund.

[waONE]

We don't know when the emergency will come up, but with the experienced we will start to
anticipate and we will allocate a certain amount to save.

It will help to avoid using your investment or your asset as you have dedicated savings
for any emergency it will cover the needs.

During the Covid pandemic, many people did not have emergency funds for their necessities of life and they hoped for financial assistance from the government to help their finances, due to the poor food conditions and high inflation that occurred in several countries.

So this condition is a warning for us to save funds for emergency purposes, I suggest that savings be kept in gold investments to provide price stability and avoid inflation, gold investments are easy to sell again whenever we need them for emergency purposes, we must have a savings fund 40 % of the total funds to maximize financial management, also to prevent selling our assets.

I completely agree with your suggestion, although gold is an investment asset, it is well suited as a place to store savings because of its stability.
Fiat currencies depreciate very quickly, we should not hold them for a long time. But be sure only to use gold for savings, never use a volatile asset like bitcoin for storage. Many people think that putting money into bitcoin to save, but that is a big mistake because, as we have seen, its short-term volatility. Bitcoin is only suitable as an investment, it is not suitable for use as a store of value, such as savings or an emergency fund.

How can it be that the crypto market, whose movements are very volatile, makes Bitcoin a place for storage or for saving, that is clearly the wrong decision,
if for a place to save then the priority is with low risk,
what is clear is saving money on Bitcoin will make you lose.

[Texac]

i don't understand why the OP is confused when he also has emergency funds, and that's where they come into play.  Why is he not using it but thinking of selling the property?  it's hard to understand.  saving will always be easier than buying back any valuable property.

Simply because he still have a crypto that can be easily liquidated since this part of his investment while emergency funds is supposed to be use when you are on emergencies which you don't have pther source of money aside from that particular funds.

I will sell my crypto without a doubt If I'm on his situation since the price of crypto is very volatile and he might find is crypto assets value in very low price in bad market while he can use it not to cover for his expenses. He can always buy back into crypto anytime.

If it's a cryptocurrency such as bitcoin, then I don't think the decision to sell at this point is a wise decision.  we don't know how much he bought it for, and with what's going on, almost every coin's price has dropped a lot.  he will probably lose a lot if he sells in this bear season.  furthermore, there is no guarantee that he will be able to buy back bitcoins at a low price, and he will need to spend more to own bitcoins if the bitcoin price rises sharply.  this is an emergency, and is it right to continue not using the emergency fund?

[eightdots]

i don't understand why the OP is confused when he also has emergency funds, and that's where they come into play.  Why is he not using it but thinking of selling the property?  it's hard to understand.  saving will always be easier than buying back any valuable property.

Simply because he still have a crypto that can be easily liquidated since this part of his investment while emergency funds is supposed to be use when you are on emergencies which you don't have pther source of money aside from that particular funds.

I will sell my crypto without a doubt If I'm on his situation since the price of crypto is very volatile and he might find is crypto assets value in very low price in bad market while he can use it not to cover for his expenses. He can always buy back into crypto anytime.

If it's a cryptocurrency such as bitcoin, then I don't think the decision to sell at this point is a wise decision.  we don't know how much he bought it for, and with what's going on, almost every coin's price has dropped a lot.  he will probably lose a lot if he sells in this bear season.  furthermore, there is no guarantee that he will be able to buy back bitcoins at a low price, and he will need to spend more to own bitcoins if the bitcoin price rises sharply.  this is an emergency, and is it right to continue not using the emergency fund?

Selling an investment or property is a method of last resort. But when I say this, I also think about this. It can be preferred if your emergency funds are not sufficient.

If you try to pay off with your investment, you may suffer a loss. The price when you buy and the price when you sell may not be the same.

Saving is easier than investing. We have to make decisions like waiting for the right time to invest or investing in the right thing. Therefore, in such cases, it would be wiser to use the funds allocated for emergencies first.

Crypto can always be bought, but why sell it below the price we bought it? As a result, we sell the emergency funds first, then our crypto if not enough, and finally our property to pay off a debt.

[Furious 7]

i don't understand why the OP is confused when he also has emergency funds, and that's where they come into play.  Why is he not using it but thinking of selling the property?  it's hard to understand.  saving will always be easier than buying back any valuable property.

Simply because he still have a crypto that can be easily liquidated since this part of his investment while emergency funds is supposed to be use when you are on emergencies which you don't have pther source of money aside from that particular funds.

I will sell my crypto without a doubt If I'm on his situation since the price of crypto is very volatile and he might find is crypto assets value in very low price in bad market while he can use it not to cover for his expenses. He can always buy back into crypto anytime.

If it's a cryptocurrency such as bitcoin, then I don't think the decision to sell at this point is a wise decision.  we don't know how much he bought it for, and with what's going on, almost every coin's price has dropped a lot.  he will probably lose a lot if he sells in this bear season.  furthermore, there is no guarantee that he will be able to buy back bitcoins at a low price, and he will need to spend more to own bitcoins if the bitcoin price rises sharply.  this is an emergency, and is it right to continue not using the emergency fund?

Selling an investment or property is a method of last resort. But when I say this, I also think about this. It can be preferred if your emergency funds are not sufficient.

If you try to pay off with your investment, you may suffer a loss. The price when you buy and the price when you sell may not be the same.

Saving is easier than investing. We have to make decisions like waiting for the right time to invest or investing in the right thing. Therefore, in such cases, it would be wiser to use the funds allocated for emergencies first.

Crypto can always be bought, but why sell it below the price we bought it? As a result, we sell the emergency funds first, then our crypto if not enough, and finally our property to pay off a debt.

At the end of the day, it's all a matter of choice and if it's the last resort for us to survive, why not.
Having difficult conditions in the economy and being pressured by several factors such as inflation and the current recession that is starting to get closer then indeed when there are still reserve funds or investments why not use them.
But it is certainly the last choice because if we feel that we can still get through it then it would be great if it is not used but if the difficulty of the reserve fund is the right thing to use but if it is still not covered then the funds from the investment may still be used. rather than looking for other options such as debt it would be better to take advantage of the existing ones first to support our needs.

[Casdinyard]

Are you holding fiat? Do you not know that if you are holding fiat, it is like your government are scamming you, although it is not a scam, but it is a means to lose money as your fiat money lose value and unable to buy what you can use it to buy before.

Likely you have your emergency money in your local fiat too. You said emergency, which means it should be used for inconveniences time and for emergencies. You supposed to use your emergency money, not that you should sell you property that may increase in value, although I am just saying that because some properties like land, metals, jewelries and many others like that  can increase in value.

It is better not to hold money in your local currency, bitcoin is still not that high, you can buy it instead. Ones the price is high very well and you have gained, you can convert some to dollar or other good foreign currency which are better than many fiat from countries like Venezuela, Lebanon, Sudan, Argentina, Zimbabwe, Turkey and many other countries.

Bro really out here defeating all the financial advisors on the planet lmao. Holding Fiat is a little out there you know, you got to be specific. For instance saving your money in the bank is considered holding fiat, and I dare say saving your money even if it's in fiat form isn't really that bad to be honest. You're also a little idk man. Your emergency funds are called emergency funds for a reason. You don't use them just cause your financial advisor asked you to invest your money on something. It's not money that is meant to be invested or be used to gain profits. It's literally there to be your safety net for when times get rough. I would much rather prefer OP using his assets as those can be reacquired anyway and who's to say he doesn't have assets that are easily recoverable? That way he doesn't have to spend his saving grace just so he can fund his investment? Cause I'd never go out there investing what's supposed to support me if shit hits the fan my guy. I'd much rather sell my other assets instead.

[salad daging]

Correct, once the situation got resolve you start again to save your money, for sure you learn a lesson from your experienced.

However, we need to be able to save money, learning from experience is important, and in times of economic uncertainty, the emergency fund has been set up again.

We don't know when the emergency will come up, but with the experienced we will start to
anticipate and we will allocate a certain amount to save.

It always comes unexpectedly, so anticipating is very important, don't spend too much money the way you save and a little aside for investment then it's the best solution when there is pressure again.

It will help to avoid using your investment or your asset as you have dedicated savings
for any emergency it will cover the needs.

As much as possible it should be able to be separated between investment and emergency funds.
Emergency fund is the first layer and Investment is the second layer to use, but if it can still be overcome by the first layer then the assets in the investment will remain safe for the long term.

[paxmao]

Correct, once the situation got resolve you start again to save your money, for sure you learn a lesson from your experienced.

However, we need to be able to save money, learning from experience is important, and in times of economic uncertainty, the emergency fund has been set up again.

We don't know when the emergency will come up, but with the experienced we will start to
anticipate and we will allocate a certain amount to save.

It always comes unexpectedly, so anticipating is very important, don't spend too much money the way you save and a little aside for investment then it's the best solution when there is pressure again.

It will help to avoid using your investment or your asset as you have dedicated savings
for any emergency it will cover the needs.

As much as possible it should be able to be separated between investment and emergency funds.
Emergency fund is the first layer and Investment is the second layer to use, but if it can still be overcome by the first layer then the assets in the investment will remain safe for the long term.

The key question is how expensive the lesson is going to be. Making mistakes is usual, part of life and will provide an example of how not to do things. However you need to calibrate the cost of making that mistake and learn the lesson and know what you don't know and how bad can it get in case you miss.

Regarding inflation, the topic, getting it wrong is usually a very costly mistake that may end up with you having no home.

[Alpha Marine]

You have an emergency fund and times like this are the reasons you have that kind of funds. You properties you want to sell are most likely assets that can generate money for you so I wouldn't advice you to sell them except the cost of operation or maintaining it is higher than the profit it brings.
And also, it is not advisible to save your money in fiat. With the rate of inflation, your saving will lose value over time.

Are you holding fiat? Do you not know that if you are holding fiat, it is like your government are scamming you, although it is not a scam, but it is a means to lose money as your fiat money lose value and unable to buy what you can use it to buy before.

Inflation doesn't only affect his savings but it also increases the price of goods. When commodities become expensive it affects the cost of production and reduces sales in his business thereby placing him in a difficult position.
It is good advice that he should not save his money in his local currency, but I'm afraid that would not shield him from inflation.

[slapper]

i don't understand why the OP is confused when he also has emergency funds, and that's where they come into play.  Why is he not using it but thinking of selling the property?  it's hard to understand.  saving will always be easier than buying back any valuable property.

Simply because he still have a crypto that can be easily liquidated since this part of his investment while emergency funds is supposed to be use when you are on emergencies which you don't have pther source of money aside from that particular funds.

I will sell my crypto without a doubt If I'm on his situation since the price of crypto is very volatile and he might find is crypto assets value in very low price in bad market while he can use it not to cover for his expenses. He can always buy back into crypto anytime.

If it's a cryptocurrency such as bitcoin, then I don't think the decision to sell at this point is a wise decision.  we don't know how much he bought it for, and with what's going on, almost every coin's price has dropped a lot.  he will probably lose a lot if he sells in this bear season.  furthermore, there is no guarantee that he will be able to buy back bitcoins at a low price, and he will need to spend more to own bitcoins if the bitcoin price rises sharply.  this is an emergency, and is it right to continue not using the emergency fund?

Selling an investment or property is a method of last resort. But when I say this, I also think about this. It can be preferred if your emergency funds are not sufficient.

If you try to pay off with your investment, you may suffer a loss. The price when you buy and the price when you sell may not be the same.

Saving is easier than investing. We have to make decisions like waiting for the right time to invest or investing in the right thing. Therefore, in such cases, it would be wiser to use the funds allocated for emergencies first.

Crypto can always be bought, but why sell it below the price we bought it? As a result, we sell the emergency funds first, then our crypto if not enough, and finally our property to pay off a debt.

You suggest an order of priority for selling off one's possessions: emergency fund, cryptocurrency, and finally real estate. But, man, your thinking is too simplistic. Cryptocurrency investments are an altogether new species. They have the potential to fall below their purchase price, but they also have the potential to soar to new heights. Surely by now we've seen Bitcoin pull this off before?

Selling cryptocurrency out of resentment when the price falls below our buying point is an irrational emotional reaction. A level-headed person would view it as a momentary setback, equivalent to a paper loss. If the market can recover from this, then what? What we've learnt from Bitcoin and Ethereum's past is that investing in cryptocurrencies may be a crazy rollercoaster ride, but ultimately rewarding.

[lixer]

Bro really out here defeating all the financial advisors on the planet lmao. Holding Fiat is a little out there you know, you got to be specific. For instance saving your money in the bank is considered holding fiat, and I dare say saving your money even if it's in fiat form isn't really that bad to be honest. You're also a little idk man. Your emergency funds are called emergency funds for a reason. You don't use them just cause your financial advisor asked you to invest your money on something. It's not money that is meant to be invested or be used to gain profits. It's literally there to be your safety net for when times get rough. I would much rather prefer OP using his assets as those can be reacquired anyway and who's to say he doesn't have assets that are easily recoverable? That way he doesn't have to spend his saving grace just so he can fund his investment? Cause I'd never go out there investing what's supposed to support me if shit hits the fan my guy. I'd much rather sell my other assets instead.

Totally agreed, the money you have kept for emergencies shouldn't be used for anything at all, even if there is an investment opportunity that might provide you with great profits but you can't do that because the money for emergencies can't be used or made stuck in an investment plan. People usually get greedy when they hear about an opportunity, and they invest their life savings in it and then regret it later when they need money but have none.

Someone should always keep two types of savings, one they should keep for emergencies and the other they should use for things like these if they want to make an investment or buy something, they should use the other savings, but it is very difficult to manage to save that much money.

[Fuso.hp]

As you are currently spending from the fund, the funds are of a fixed amount you will run out of money if you use the amount of money you have. If it was the case that the account from which you are spending money, even after you spend money, a certain amount is constantly coming into the account, you would not have to worry about this issue so much. I think it will not be a good decision to spend money from this account regularly at this moment, instead of spending your money in this way, you have to take a risk of your total money, start any business with the total money. There may be risks in the business but there is no chance of running out of money at a certain time. If you know the business well and can hold the business, the chances of success in the business are very high. So instead of spending money in this way, try to use that money somewhere.

[Fullcoinese]

At the end of the day, it's all a matter of choice and if it's the last resort for us to survive, why not.
Having difficult conditions in the economy and being pressured by several factors such as inflation and the current recession that is starting to get closer then indeed when there are still reserve funds or investments why not use them.
But it is certainly the last choice because if we feel that we can still get through it then it would be great if it is not used but if the difficulty of the reserve fund is the right thing to use but if it is still not covered then the funds from the investment may still be used. rather than looking for other options such as debt it would be better to take advantage of the existing ones first to support our needs.

i agree with you, it all depends on the choices of each individual and not all individuals are in the same condition. whether it's using an emergency fund or selling assets, the most important thing is that we can think clearly to take a risk on one of the available options and at least we can survive without having debt, it's not very wise if we still have emergency funds and assets but we debt, it will add to the burden of life.
back to the topic the OP made, he wants to cushion the impact of the economic situation. actually we can't argue further because the OP explained the situation is too general and it all returns to the OP's choice because he is the one who will take the risk and only he knows how much the emergency fund and the value of the assets he has.
one more thing, i think it's also important to do a little to help deal with the economic crisis, namely by reducing your lifestyle or being more frugal.