emergency preparedness, saving up, financial standing
Having an emergency savings fund is an important part of emergency preparedness. A disaster is hard enough to endure without creating serious financial hardship too. How would you pay your bills if the income earners in your family were unable to work for an extended time because they could not get to work or their business closed down? Having an emergency savings fund will allow you to cover expenses in case of an emergency, and it will also give you some peace of mind.
Bittiker, Donna and Cassel, E. Kim, "Emergency Preparedness: Saving Up for an Emergency" (2010). SDSU Extension Extra Archives. 409.