You are young and energetic, still have all the energy needed in the world to do whatever you want and to work for a salary and never thought of emergency fund. You have a job which pays you enough for your lifestyle and you’d be thinking,
Why the hell do I need to have an emergency fund or emergency money anyway?
Worst if you have never thought of having an emergency fund or you never contribute into your emergency fund. None! Nadaa! All the money you receive as your salary at the end of the month will be utilize fully to pay for your lifestyle, your needs.
So 2020 we were shocked by the coronavirus covid-19 going rampant on the whole world. Now in early 2021, some company may have developed some vaccines but that doesn’t sound like it 100% working. We hope that in few months time though, someone or some company managed to create vaccine which can 100% works and we are back to our normal life just like before the virus.
2020 will be written in history, the whole world was in chaos caused by the Corona virus pandemic which hit the whole world from march 2020. Since then, the whole world was in lock down, businesses shutdown, many people lost job and many live loss due to the virus.