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Why an Emergency Fund is Essential

Rainy day funds are usually used to apply to the funds maintained by most U.S. states to help deal with budget shortfalls in years where revenues do not match expenditures.  In the days of fiscal responsibility, state leaders annually balanced their budgets rather than borrowing from the future to pay for present unforeseen costs.  The state of Texas uses an Economic Stabilization Fund as their rainy day fund, tapping into this when deemed necessary.  Unfortunately, most modern leaders rely on the federal government as their piggy bank, taking more than putting back.  Thus, when disaster strikes unexpectedly, many are left begging the United States for federal assistance.

The younger of them [inappropriately] said to his father, ‘Father, give me the share of the property that falls to me.’ So he divided the estate between them. 13 A few days later, the younger son gathered together everything [that he had] and traveled to a distant country, and there he wasted his fortune in reckless and immoral living, Luke 15:12-13.

The parable of the prodigal son is one of the most referenced stories in the Bible.  Yet, few recognize the mention of an emergency.  Just as this immature son wasted his inheritance on wild living, a great famine swept across this region.  Luke uses the phrase “he began to do without and be in need.”  It sounds like this young man was forced to be become a pan handler, scrounging around the streets to survive.  Like Joseph during the famine in Egypt, you have to save during times of great abundance to endure lean periods.  The prodigal son was so consumed by indulging his sinful nature that he neglected to create an emergency fund.

Now when he had spent everything, a severe famine occurred in that country, and he began to do without and be in need. 15 So he went and forced himself on one of the citizens of that country, who sent him into his fields to feed pigs. 16 He would have gladly eaten the [carob] pods that the pigs were eating [but they could not satisfy his hunger], and no one was giving anything to him, Luke 15:14-16.

While human beings make plans for the future, only God knows your ultimate fate.  Two weeks ago I felt fine, unaware of the internal state of my body.  Today, I have to watch everything I eat and drink so that my blood pressure returns to healthy levels.  I’m not homeless like the prodigal son, but I am forced to re-evaluate my diet, exercise and daily routine.  Foregoing my favorite meals is going to be difficult, but if I want to improve my overall healthy changes must be made immediately.  Emergency funds are a biblical concept to help you through transitional phases in life.  When medical conditions take you away from work or the ability to earn money, savings are there to fall back on.  May this blog inspire you to prepare like Joseph in the Old Testament, making the most of rich harvests by establishing an emergency fund.

by Jay Mankus

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