Not gonna happen to you, huh? It wasn't gonna happen to me, either.
But it did.
Major health problems hit early last spring. Surgery and treatments afterward cost money. A lot of money. Thank heavens for health insurance, but even at that, I was responsible for thousands of dollars out of pocket. Then my car broke down.
What was I thankful for? An emergency fund and extra savings that were easy to get to. I had resisted putting money into funds that would take weeks to access, not because I'm so smart, but because I'm hard headed. Lucky, some call it.
I know it won't happen to you.... but just in case, you might want to take another look at your financial backup plans. Make sure you can get to the money immediately. Emergency savings can be critical to your survival when you really need them. It may not be as drastic a situation as I had last year, but a refrigerator that quits working needs to be replaced now, not next week.
Don't depend on credit cards to fill in the time gap because they have a way of getting away from you. Even if you determine that you'll pay them off as soon as your money comes in, things happen.
Do depend on your emergency savings. That's why you're putting money in there, to use when you need it.
Believe me, you'll be glad you took the easy, direct way of handling a financial emergency.
Creating an Emergency Fund