Bank and Emergency funds.

[HajiBagi]

Emergency funds is a fund that can not be use to do another thing because it is use for an emergency problems, the funds can not be borrow out just because you are not using them because you don’t know when you are going to face any emergency problems, what if you borrow out the funds and the next day you have a problem to solve or you need the money for another emergency situation? Are you going to sell what the person that you lend the money keep or what? You can not sell it because that is not your agreement with the person and it will be a problem.

The best thing is to use the funds and buy something that is very valuable and you can sell it whenever you need money, buying something valuable is the best because you can use what you buy it you don’t have any emergency problems and when you do you can sell the item and use the money to solve the problem, I can never use my emergency funds to invest or use for another thing that can not help me when I need the money.

[ChocolateBitcoinK]

Been there myself. Didn’t touch my emergency fund for years and almost felt dumb for keeping it… until one unexpected event wiped out months of income. Having that buffer meant no panic selling, no debt, no begging banks. It’s not flashy, but it works.

It works because you've prepared for that.

That's the purpose of emergency fund and why it works. If an individual know how it feels to be in a bad situation and needed some money.

All of the relatives, families and even banks don't have a penny to lend with, this is when you'll realize and be grateful for doing this thing, saving an emergency fund.

It's true that you won't have to panic sell the Bitcoins you own or even the altcoins when that time comes.

That's th beauty of having that kind of emergency funds, you don't need to worry yourself where to find the amount to cover your need, and like what you both mentioned, it lessen the stress which already been present when situation like this happen to you, but because you have that funding that can cover your needs then you can say to yourself I can survive and I will continue to move forward, just needed to rework again with your emergency funds and start saving again.

Since we will have to face unexpected situations at some point, we need to be prepared from the beginning and create a fund for financial security so that we do not get lost at that time. An emergency fund is a security, which plays the most important role in protecting us from any bad situation. Without it, we can face a very bad situation, because since we will not have any cash, then at that time we may have to sell something to solve the problem, but just by creating a fund, there is no more problem, that fund will prevent us from selling something or asking for help from others.

[Different patterns]

Emergency doesn't knock on the door, it happens when you least expect it. that's why you need to be prepared. To be honest, there are things we shouldn't joke with, and emergency funds are one of them. Using funds meant for emergencies is unacceptable, even if it means taking a loan. I don't even like putting it in bank because sometimes the bank might disappoint you when you need your funds. I think the best way to keep an emergency fund safe and secure is by keeping it in cash, so In case it happens, you can access it and solve your emergency.

You just raise a very important point about the emergency funds, when emergency is about to happen,  it doesn't give sign or warning before it happen, that is why emergency funds is not a optional it's necessary, anything can happen at anytime, things that you don't even expect, but once you prepare yourself, having emergency funds aside, it can help or support you whenever the issue raise up, so my point is joking with emergency funds is dangerous, any investment we put hands to do, emergency funds should be untouchable. Whenever the emergency funds is safe, that will prevent you from unnecessary panic when there's any issues.

[davis196]

So if your emergency funds have been with you for a very long time and you don't even use them, look for a 90 percent less risk business that brings profit in a very short time and invest it there.

1.Do you have any ideas about a "90 percent less risk business that brings profit in a very short time"? I certainly don't have any ideas about companies, that are low risk and bring fast profits.
2.The whole point of emergency funds is to have them available 24/7. Investing your emergency funds means that the process of getting them back is slower, which might cause problems for you, since you need that money now and you can't wait a day or two to get them.
3.Separating your emergency funds from your investment funds is the best option. There are countries with good health insurance and you could invest in life insurance as well. Those options can be pretty decent and can be used in addition to keeping emergency funds.

[aysha9853]

This sounds good on paper but real life is messier, lending money always adds risk no matter how careful you are with collateral, selling someone’s property during a crisis is not as easy as it sounds emergency funds are insurance not investment capital.

[iamsange]

This sounds good on paper but real life is messier, lending money always adds risk no matter how careful you are with collateral, selling someone’s property during a crisis is not as easy as it sounds emergency funds are insurance not investment capital.

Borrowing is one of the words that can change our fate. It means a person's character will change when a loan is made with a time limit according to the agreed-upon agreement. This can change their character and behavior when the loan term approaches.
However when the borrower has an invested emergency fund it's certainly a bit easier. When the deadline approaches the invested emergency fund is the only tool available to solve problems and risks during a financial crisis.
Messes are inevitable especially with financial matters. Anything involving money carries a very high risk one of which is disputes which may have become a part of borrowing and lending.