Before diving into Bitcoin, I always set aside some money for analso plan to use my emergency fund, and it for my child's been incredibly helpful and effective when I really need it. We never know what the future holdsneeds, when we might run out of moneyas he will start school in about a year, and having anI can use my emergency fund can help us overcome any financial challenges we facefor future needs and beyond as much as possible without having to use Bitcoin prematurely.
And after diving into Bitcoin, my long-standing emergency fund plays a crucial role in my investments. I immediately set aside money for my emergency fund after prioritizing Bitcoin purchases upon receiving my paycheck and also prioritizing my basic needs. I always do both simultaneously, but the percentage allocated to my emergency fund is smaller than it is to Bitcoin. Everyone has their own strategy for how long or how many months it takes to build an emergency fund, and for me personally, as long as I can achieve both without sacrificing other needs, I think that's much better. I also plan to use my emergency fund for my child's needs, as he will start school in about a year, and I can use my emergency fund for future needs and beyond as much as possible without having to use Bitcoin prematurely.
This purpose should be clear and practical to everyone, as the emergency fund is like a financial safety net. I think it wouldn't be logical to plan to use your emergency fund for your child's needs
,. In
terms of terminology
it can be said that these things are basically part of your financial plan, so set personal savings there. In fact
, an emergency fund may not be created to cover such expenses, basically everyone tries to save that money to deal with unexpected and confusing financial pressures. It's true that if you don't want to use Bitcoin prematurely, you should choose other options but you probably shouldn't touch your emergency fund at all because when you encounter unexpected moments
, use them with open arms.