What is an emergency fund? An emergency fund is also known as “rainy day fund” or sometimes “savings buffer”. It gives you some breathing room during struggling bumps in the road or every unexpected expense.
When a person or business goes without an emergency fund, it is like operating without any savings. But with an emergency fund, you can be protected from all of your unexpected expenses that may occur whether big or small.
Having an emergency fund is a great strategy if you want to be free from debt or get out of debt. When you encounter a bump in your financial road, it can be a great help. It can help cover the things you don’t budget for like car repairs or medical costs. You can use your emergency fund to handle these stressful events and make it easier for you to stay focused on getting out of debt.
Another advantage of having an emergency fund is that it allows you to cover some of the expenses that are left out before you start budgeting. Why do you need an emergency fund when budgeting? When you first start budgeting, you may be leaving out some of the expenses that you need to plan for. Your emergency fund can cover some of these expenses the first year, and then you can add those expenses into your budget as they come up.
Do you only have one source of income? If you do, it can be difficult for you to manage your finances especially if your source of income is not that stable. But with an emergency fund, it can help you get through an unexpected job loss or illness that keeps you from working.
If you have medical condition, especially if it is serious, having an emergency fund is essential. Serious medical conditions can cause you to max out your deductible annually. A well-funded emergency fund can help you deal with these costs and make it easier to get through these challenging times.
Of course, you already know how exercising helps us become better both mentally and physically. It helps prevent fatigue, stress and other diseases when done regularly.
Exercising has numerous positive effects to the body. First, it increases your good cholesterol or HDL and then lowers your blood pressure. Secondly, it helps reduce your weight by burning excess fat from your body. It also increases your stamina as you continue to exercise regularly, and helps prevent diabetes by improving your blood sugar level. For those who are suffering from depression, exercising can improve your mood. Lastly, exercising will help you get sick less by boosting your immune system.
Adding exercise to your life is advantageous. You can try various forms of exercise to find something you like and can keep doing. It can be sports or just walking, it can be aerobic dancing, or bicycling, if you can do it with friends or family it will increase your closeness while improving your health. And improving your health is one of the best reasons for exercise.
Exercising can also increase bone density and prevent osteoporosis or the thinning of the bones and can lead to repeated fractures. This disease doesn’t just happen to little ladies. Once you’ve reach mid 30s, whether you’re male or female, you begin losing bone density. Fortunately exercise will slow, halt and in some cases reverse the process. Being physically active develops stronger muscles which in turn help protect the bones. Stronger bones equal a lesser risk of fractures.
Do you want to have a better body and shape? If you do, there are certain exercises that can help you achieve that. When you exercise regularly you end up with more muscle tissue than the average person. You might find that you will weigh more before you started your exercise programme because muscle tissue weighs more than fat.