I prepared a question that I wanted to ask each individual that I was interviewing. If you were to lose your main stream of income; how long would you be able to live off your emergency fund. I’ve come to the realization that they all have the same answer and that is “I do not know”. 

To me this was crazy. I’m the type of person to want to know exactly how much I need and how much will hold me over to be able to live the same lifestyle I was living while having a steady stream of income. A lot of people don’t prepare for what could happen with the blink of an eye. I got the answer of “I don’t really have to pay for much because my parents pay for it; therefore I don’t need an emergency fund.” Although this May be true, how do you know that at any point in time you might lose your parents or the loved ones that pay for your things. 

It’s always smart to have a plan B. That involves planning to make sure that you have an alternative for whatever the world throws at you. The only way to prepare for this is by investing in yourself and making sure that you have a plan set for each situation.