As healthy young adults, many of us often think we’re invincible. Emergencies? Disasters? Nah, won’t happen to us. Even I am guilty of this. But today I feel the need to inform people the crucial importance of having an emergency fund, even if you don’t think you’ll encounter any “emergencies” anytime soon in the next few years.

WHY YOU SHOULD HAVE AN EMERGENCY FUND STARTING NOW

1. YOU MIGHT LOSE YOUR JOB OR WANT TO QUIT

Frankly speaking, we’ll never know what might happen next. For our age range, the most likely possibility would be losing our job. Or even resigning from our job (which was what I did) and having to tide through a period with no employment. I worked for a pretty screwed-up company. They recently had a mass firing exercise during which many of my then-colleagues lost their jobs almost overnight, including my good friend from university whom I ......