Should I Use Emergency funds or Sell my Assets ?

[Pejoh Asu]

As long as we don't have urgent needs such as food needs, paying house installments or something else then the best thing is not to sell assets or use emergency funds, most people are too afraid when they see economic predictions so they panic and sell anything to be able to overcome inflation or bad economic predictions.

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[BRINIRHA]

As long as we don't have urgent needs such as food needs, paying house installments or something else then the best thing is not to sell assets or use emergency funds, most people are too afraid when they see economic predictions so they panic and sell anything to be able to overcome inflation or bad economic predictions.

Yeah right mate. Emergency money should only be used if the situation is beyond our control. like we need to quickly get cash right then and there. But as long as our economic situation is under control, well, we don't need to rush to use emergency money as long as we can solve the problems that arise. Selling assets is the last resort when we run out of emergency money. So the sequence remains Emergency money then selling assets. don't turn it upside down. Because it would be very funny if someone chooses to maintain the emergency money they have and instead chooses to sell the assets they have been collecting and maintaining to be used as an investment in the future. people like this are clearly people who don't understand the function of emergency money and they don't understand the principles of financial management. or there is language that is even more rude. but I don't want to say it.

[odunybiz]

The current price of your asset may determine what to do here. If you own Bitcoin and after studying your chart, you observe you are still selling at a good price. You may sell your asset and work on how to buy them later. You may even buy at a more good price giving you little profit compare to when you earlier sold. Although this may not be too easy but it could be a possible way out.

[passwordnow]

Emergency funds are what you must use if ever you're in immediate need. If you wanna sell your assets and you want to be liquid, you can sell them as well. You get the point why we're having assets and that's for us to have a cash flow whether we will gain through capital gains or through having a passive income out of it. But if that asset in generating income and you've got an emergency funds, don't sell the asset as it will continuously going to make you money and since you have a back up fund through emergency funds. That's all you need to have.

[Bobrox]

Op have two option due economic crisis in his country between use emergency fund or sell his cryptocurrency assets, I think depend which kinds of altcoin assets hold by OP, if potential altcoin like Ethereum, BNB and XRP is worth for holding it and use awhile with your emergency fund. But could you predict about how long economic crisis will happen in your country? will enough with emergency fund for you daily day needed?

For emergency fund enough until several months later, I think better hold your cryptocurrency assets and waiting when price going up to sell it, be patient with halving few months later and sure your assets will increase up and enough to recovery with your emergency fund. I hope your country economic crisis will be better without have to sell with your cryptocurrency assets.

[Pamadar]

Emergency funds are what you must use if ever you're in immediate need. If you wanna sell your assets and you want to be liquid, you can sell them as well. You get the point why we're having assets and that's for us to have a cash flow whether we will gain through capital gains or through having a passive income out of it. But if that asset in generating income and you've got an emergency funds, don't sell the asset as it will continuously going to make you money and since you have a back up fund through emergency funds. That's all you need to have.

You always need to weight the situation, like what you have said if you have savings that you can still use better to leave your assets, especially if the assets are providing decent passive income.

Or, if you are expecting good bounce from your asset and the chance of making money in the long run,
you only need to touch that asset if there's no available option, and the situation is something that you
can't ignore and there's a call of urgency.

[RockBell]

As long as we don't have urgent needs such as food needs, paying house installments or something else then the best thing is not to sell assets or use emergency funds, most people are too afraid when they see economic predictions so they panic and sell anything to be able to overcome inflation or bad economic predictions.

Its already clear that aside from basic needs and health, like you said is not advisable to sell your assets, and in my opinion, since the emergency fund is for the unplanned situation then it should be used for whatever emergency it may be, selling out an asset is not worth it and from the look of the thing, assets are supposed to give you profit, and the emergency fund to be backup funds, people having that mindset of panicking and selling off what they have gathered, honestly we all know the economy is bad, all we can do is adjust to it and make good plans if not you will have more emergency to deal with.

[salad daging]

When the economy is heating up, the inflation rate is high, there are no jobs, food is so high due to the situation that continues to be chaotic then their choice is none other than to sell assets including one of the houses, but when everything is prepared from the start then it won't be this bad to not have a house for example.

The ones that have the greatest impact on a person's economy or finances are the long pandemic and quarantine. It's not easy to maintain our finances when a pandemic suddenly comes. the economy in the market suddenly paralyzed. shops were forced to close, people were told to stay at home. Because the Pandemic always comes suddenly. So many are not prepared to deal with it. Even if the pandemic lasts a long time, the emergency funds that we prepare are sometimes not enough to handle our needs for a longer time. so selling valuable items that can be cashed is indeed a solution in such a situation. Even selling a house is actually difficult to do. because even though we set a low price, it's still difficult to find interested parties. because everyone prefers to struggle to provide food stocks rather than buying property like a house. Even luxury watches become worthless when no one wants to buy them. The pandemic triggered all of this (inflation), and inflation forced banks to raise interest rates which then triggered a recession.

We must learn from all this chaos by taking advantage of the time now to have multiple emergency funds, more savings and investments. because we don't know when the economic situation will not be easy again.

During the Covid-19 pandemic where many people experienced a declining economy, the result was that the government implemented distancing and did not go out too much to avoid the spread of the virus, I know this is for the good of all but people's conditions are very difficult if they cannot work for a long time especially since the pandemic is an epidemic that we feel almost all over the world, this resulted in many bankruptcies and also increased in terms of poverty at that time.

Indeed, at that time many cities were paralyzed, many shops were closed, food became expensive, money was difficult to get because many were hit by mass layoffs due to this pandemic with that they could not work anymore, continued to send goods importing goods decreased, tourism decreased due to the prohibition of its citizens to travel and indeed at that time many were not strong with the emergency funds they had sometimes not enough to sell the goods they had.

Selling your home is the wrong decision in my opinion, unless you have more than one home, but now that dark period has passed and now many are starting the stage of growing their economy after the government lifted all restrictions during the pandemic.

[Iroh]

Emergency funds are what you must use if ever you're in immediate need. If you wanna sell your assets and you want to be liquid, you can sell them as well. You get the point why we're having assets and that's for us to have a cash flow whether we will gain through capital gains or through having a passive income out of it. But if that asset in generating income and you've got an emergency funds, don't sell the asset as it will continuously going to make you money and since you have a back up fund through emergency funds. That's all you need to have.

It would be more better to use emergency funds kept aside for why purpose, an emergency. You don’t have to include your assets. Assets bring in income and grows the wealth of an individual so I wouldn’t say it’s wise to let go of that property which generates income.
I would probably take a loan from family or the bank even to help sort out the emergency than to sell off my property that is sure to generate income. Selling off assets would be my last resort if all avenues to raise some money have been exhausted.

[adiksau0414]

Emergency fund is what i will choose. As it is indicated, use it in emergency situation like you are now right now. If you sell your assets, i think this is a wrong moved as of the moment especially when economic is not in good situation.

[xSkylarx]

Emergency fund is what i will choose. As it is indicated, use it in emergency situation like you are now right now. If you sell your assets, i think this is a wrong moved as of the moment especially when economic is not in good situation.

Unless you don't have other choices, that is their last resort. This is mostly the move of other people that has no savings and their relatives got hospitalize because they don't have enough money they will end up selling their land or lend it to others like making it as a collateral then they will pay back in the future but mostly they cant pay it back.When you really don't have emergency funds you have 2 choices to take out a loan or really sell off your assets which is very not a good move

[passwordnow]

Emergency funds are what you must use if ever you're in immediate need. If you wanna sell your assets and you want to be liquid, you can sell them as well. You get the point why we're having assets and that's for us to have a cash flow whether we will gain through capital gains or through having a passive income out of it. But if that asset in generating income and you've got an emergency funds, don't sell the asset as it will continuously going to make you money and since you have a back up fund through emergency funds. That's all you need to have.

You always need to weight the situation, like what you have said if you have savings that you can still use better to leave your assets, especially if the assets are providing decent passive income.

Or, if you are expecting good bounce from your asset and the chance of making money in the long run,
you only need to touch that asset if there's no available option, and the situation is something that you
can't ignore and there's a call of urgency.

Yeah, it's a matter of what's the best option if both things are available.

It would be more better to use emergency funds kept aside for why purpose, an emergency. You don’t have to include your assets. Assets bring in income and grows the wealth of an individual so I wouldn’t say it’s wise to let go of that property which generates income.
I would probably take a loan from family or the bank even to help sort out the emergency than to sell off my property that is sure to generate income. Selling off assets would be my last resort if all avenues to raise some money have been exhausted.

Right, if the assets are generating money then you don't have to sell them and just leave them alone while using the saved money you've got as the emergency fund. Lucky you are if you've got both choices but everyone has a different situation and it's hard to come up with the idea and choice to make if you don't have that much choices.

[Inwestour]

Unless you don't have other choices, that is their last resort. This is mostly the move of other people that has no savings and their relatives got hospitalize because they don't have enough money they will end up selling their land or lend it to others like making it as a collateral then they will pay back in the future but mostly they cant pay it back.When you really don't have emergency funds you have 2 choices to take out a loan or really sell off your assets which is very not a good move

This happens if you do not take care of savings. I'm not even talking about any investment, you just need to strive to have some kind of cash reserves. I know that there are people who find it difficult to save because their income is too low, but each of us can do something more to improve our lives. You need to prepare for difficult times when everything is fine, if such a situation occurs when you are not ready for this, then this ultimately leads to the fact that people lose their land and property in order to save their loved ones.

[tygeade]

We all know that cryptocurrency is a risky investment and it isn't easy to HODL your bitcoin unless you have savings that you could use if you experience problems and badly needed some money. Make sure to only invest money that you could afford to lose on cryptocurrency because if you are not careful you could possibly lose it all if you invest all of your money in cryptocurrency and then you didn't have savings something like health insurance if you needed money if your sick or one of your family members is sick where are you going to get that money your just gonna end up selling your cryptocurrency and probably end up with a lose.

I think in your situation you should use your emergency funds since it's for an emergency, if you use that money you could avoid selling your cryptocurrency assets meaning you're avoiding losing money, but I guess if its a good time to sell and you could make a profit if you sell if you make a decision to sell your cryptocurrency it doesnt matter since you already make a profit another opportunity will come to reinvest your money again on cryptocurrency or other investments.

I believe that it depends a bit on the emergency as well in this situation. Like just this Sunday I was taken to hospital, and I had to get MR scan and all that bells and whistles, in my nation thankfully it is not as expensive as USA so I was fine, but I had to sell just a bit of my bitcoins to pay for that, because I had no money left in either my credit card or debit card to pay for that and survive until the end of the month.

I am fine, just that it was an unexpected stuff and not like I cashed out a lot, I cashed out only what I saved last month, so it wasn't really much big deal at all, it was definitely small detail only. But I had to, and I did, didn't even worried about it, because that's literally why it's there.

[Ahli38]

When the economy is heating up, the inflation rate is high, there are no jobs, food is so high due to the situation that continues to be chaotic then their choice is none other than to sell assets including one of the houses, but when everything is prepared from the start then it won't be this bad to not have a house for example.

The ones that have the greatest impact on a person's economy or finances are the long pandemic and quarantine. It's not easy to maintain our finances when a pandemic suddenly comes. the economy in the market suddenly paralyzed. shops were forced to close, people were told to stay at home. Because the Pandemic always comes suddenly. So many are not prepared to deal with it. Even if the pandemic lasts a long time, the emergency funds that we prepare are sometimes not enough to handle our needs for a longer time. so selling valuable items that can be cashed is indeed a solution in such a situation. Even selling a house is actually difficult to do. because even though we set a low price, it's still difficult to find interested parties. because everyone prefers to struggle to provide food stocks rather than buying property like a house. Even luxury watches become worthless when no one wants to buy them. The pandemic triggered all of this (inflation), and inflation forced banks to raise interest rates which then triggered a recession.

We must learn from all this chaos by taking advantage of the time now to have multiple emergency funds, more savings and investments. because we don't know when the economic situation will not be easy again.

During the Covid-19 pandemic where many people experienced a declining economy, the result was that the government implemented distancing and did not go out too much to avoid the spread of the virus, I know this is for the good of all but people's conditions are very difficult if they cannot work for a long time especially since the pandemic is an epidemic that we feel almost all over the world, this resulted in many bankruptcies and also increased in terms of poverty at that time.

Indeed, at that time many cities were paralyzed, many shops were closed, food became expensive, money was difficult to get because many were hit by mass layoffs due to this pandemic with that they could not work anymore, continued to send goods importing goods decreased, tourism decreased due to the prohibition of its citizens to travel and indeed at that time many were not strong with the emergency funds they had sometimes not enough to sell the goods they had.

Selling your home is the wrong decision in my opinion, unless you have more than one home, but now that dark period has passed and now many are starting the stage of growing their economy after the government lifted all restrictions during the pandemic.

Well, we should be grateful at this time because the difficult times during the pandemic and the economic crisis that followed have also gradually improved over time. The inflation rate has also slowly decreased and many factories have resumed operations and re-absorbed workers who had become unemployed due to layoffs and bankruptcy.

But still, the current economic conditions have not returned to economic stability as before the Pandemic. And actually, business competition is now much more difficult than before the pandemic. But at this time we cannot be careless in terms of financial management. We really have to be prepared for all the possibilities that could happen in the future. Setting up an emergency fund and having more savings and investments is the main subject of our current task. So that we will be more prepared when unexpected things come back.

back on the topic related to using emergency money or selling assets, the answer is still the same, namely using emergency money as long as we still have it. And related to selling a house is indeed the thing that must be avoided, especially if we only have one house.

[reizella28]

That's the purpose of Emergency fund. Use it when you need it. Selling your asset is not option about this I think.
But the inflation in your country is not slowing down, maybe find a part time job or extra job

[harapan]

As long as we don't have urgent needs such as food needs, paying house installments or something else then the best thing is not to sell assets or use emergency funds, most people are too afraid when they see economic predictions so they panic and sell anything to be able to overcome inflation or bad economic predictions.

I believe selling of assets in this case is a very bad decision, but making use of emergency fund is not a bad decision.
You kept those funds for trying times and these are trying times. So why not use it as your bail out fund?
There's no point having and emergency fund and not use it in times of emergency.
If Assets must be sold then it has to as last resort. Make sure you've exploited all the other options and there is nothing you can do to solve the situation before selling your assets.
If the choice comes down to emergency fund or asset, use your emergency fund to solve an emergency immediately. That's what that fund is for.

[Hamphser]

As long as we don't have urgent needs such as food needs, paying house installments or something else then the best thing is not to sell assets or use emergency funds, most people are too afraid when they see economic predictions so they panic and sell anything to be able to overcome inflation or bad economic predictions.

I believe selling of assets in this case is a very bad decision, but making use of emergency fund is not a bad decision.
You kept those funds for trying times and these are trying times. So why not use it as your bail out fund?
There's no point having and emergency fund and not use it in times of emergency.
If Assets must be sold then it has to as last resort. Make sure you've exploited all the other options and there is nothing you can do to solve the situation before selling your assets.
If the choice comes down to emergency fund or asset, use your emergency fund to solve an emergency immediately. That's what that fund is for.

Very bad decisions considering that assets does have appreciation or have increasing value or something that generates income, then it would really be no sense that you would be selling out in terms of other investment

specially on buying Bitcoin? Its never been worth and not really that something that wise on doing so. As much as possible we should really make use of those funds which are really that intended or was that in purpose for investment or emergencies as much as possible. You shouldn't really be that conclusive when it comes to various things specially if it does really need up some proper thinking and decisions because
one false move then it would really be affecting your overall income or cash flow.

This is why you should really be always having reconsideration whether you would really be needing to sell out first or would be finding other solution if you are really that aiming
for some options which you could potentially be able to make yourself avoiding for some possible problems.

[jossiel]

That's the purpose of Emergency fund. Use it when you need it. Selling your asset is not option about this I think.

It is not because you've got the emergency fund but upon usage of it, you've got to refill that once again so that you're set back and still prepared again.

But the inflation in your country is not slowing down, maybe find a part time job or extra job

Increase the source of income is best method defeating inflation and if got investment money, put it to the assets that will grow and appreciate over the period of time.

[STT]

Selling assets usually has a spread cost to the deal which cannot be ignored.  Ideally you dont want to sell something you immediately are wanting to own the next month, but if you can sell an asset thats going to go down in price then you have the ideal scenario.   Really hard to advise anyone as the variety of assets will each have a different dynamic and time frame to its ideal ownership but even gold has spread cost so I presume it will be generally true for you.   I'd use plain capital funds personally, paper money loses value most often but also you have to stay liquid the assets can become locked up in the market and entirely illiquid in some cases.  Do a bit of both.