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4: Make Your Emergency Fund Plan

Replenishing Your Emergency Fund

Money tree

Once you have your emergency fund established, you can rest easy knowing that you can handle a crisis. So what about the first time you actually use that fund? It might feel like you’ve done all that hard work saving money just to have to start all over.

The nature of an emergency fund is that you use it for emergencies. Sometimes the emergency will even drain the whole fund at once.

If this happens to you, don’t worry. You will need to start saving all over again, but you can lessen your worries knowing that the funds you’ve used have kept an emergency from escalating. 

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