Yeah it may not be the proper term because an emergency fund is meant to cover any major issues that may come in your life (car issues , job loss, etc). Although when I started actually calling it a Freedom fund (primarily Freedom not to be in debt if my car breaks down or Freedom if I loose my job to take a break and travel or look into exploring new career avenues) , I definitely felt more inclined to hold off on buying superfluous things and put money away.
I think the term “emergency” kinda scares people or makes people think “man emergencies won’t happen to me” or “ I don’t want to think about bad times”. Although I think when we put this into a positive tone or word , it really makes you feel like you are going towards something more important that superfluous things.
Just a thought.
Submitted January 13, 2018 at 08:45PM by DevChatt http://ift.tt/2AYp2Gh
