the two most important things to save for

the Emergency Fund and the “runaway” or “sinking” fund

Ever heard of the quote: “By Failing to prepare, you are preparing to fail.” – Benjamin Franklin

This applies to the principle of financial success and freedom.

Prepare for emergency expenses aka surprise expenses to avoid running into credit card debt, family loans, or other borrowing options that create unnecessary stress.

An emergency fund gives you flexibility and freedom to face life when it happens.

When the emergency knocks on your door, you can rest assured because you prepared for it or worry and stress because you failed to prepare for it.