We all know we need to acquire an emergency fund,but how to manufacture that happen is another story. And why attain you even need one? Simply set, an emergency fund allows you to deal with those unexpected expenses that always seem to pop up: broken appliances, and car repairs,or in our military life, PCS expenses, and Murphy’s Law. Without an emergency fund we often rely on credit; which further sets back your financial goals and can cause anxiety and stress. You may be thinking that saving for an emergency fund is way too hard and just not worth it. I can tell you: it’s worth it. About two weeks after my husband came home from deployment (I know factual? He was home…CRAZY!),we discovered our dishwasher had been leaking–probably for months–but the water was pooling underneath the laminate floor. Luckily, we had insurance that paid for the water mitigation..
Source: militaryfamily.org