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February 25, 2024, 04:05:40 PM |
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Emergency funds are money /spare cash kept aside from your income within 2-6 months for the unknown day to day activities ,it is important to us because during the time of uncertainty you fall back to it ,i will say,it is a personal insurance that prevents you from owing debts , when the need arises for you to use it, it's always there because there are alot of unforeseen and unexpected expenses that one would need to incure.
Emergency funds helps you be at alart at all times in terms of your expenses. In Bitcoin,it helps you invest more when not spent for emergencies it will make you hodl it for a long-term ,as the money keeps increasing. It helps you avoid high cost of loan, that's having financial control .
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