4 Reasons I’ll Need An Emergency Fund This Year

I vowed to beef up my emergency fund this year. This isn’t just a blind goal, there’s a reason behind this goal. There are actually several reasons it’s imperative I achieve this goal. Without a pumped up emergency fund, I may be facing a very difficult financial situation.

Here are 4 reasons I absolutely must have a fat emergency fund in 2020:

Water Softener

Every now and then the salt tank fills too far and water drains out the overflow valve. That’s not supposed to happen. While it hasn’t happened in awhile, I’m just waiting for it to break down. The water softener isn’t covered by our appliance protection plan so whatever repair costs are incurred will be out of pocket.

Washing Machine

Just last week I noticed our washing machine is about three times as loud as it used to be during the spin cycle. I’m guessing at minimum a bearing is going out, worst case the motor. The washer is covered by our appliance protection plan, and even if it can’t be repaired we would get a free replacement of the same class as what we have. But, if the washer goes, we may want to get a matching washer and dryer pair which would require out of pocket funds.


Pieces on the top rack keep breaking off, and it keeps getting louder and louder. It’s just a matter of time, and it’s not covered by our appliance protection plan.


We actually make our last payment on our minivan next month. We’re going to ride (pun intended) not having that car payment as long as we can. However, the van is rocking 140K miles, so there’s likely going to be periodic repairs that we have to be ready for.

I wouldn’t exactly use the phrase, “imminent doom,” but there are a few items around the house that may need repair or replacement in the near future. Without an emergency fund, my finances may be thrown into chaos. Giving my emergency fund a boost in the coming months will make sure I’m prepared for any or all of these situations to occur.

How about you, EOD Nation, are there things in your life that you notice may be on the verge of breaking down and needing repair or replacement?

About Travis

2 Responses to “4 Reasons I’ll Need An Emergency Fund This Year”

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  1. Sassy Mamaw says:

    Travis, I’m in the same boat. My hub and I deferred a lot of maintenance while we were paying off debt. Now it’s time to get the emergency fund built up, before all that deferred maintenance crashes at once.

    We could use a few things that aren’t exactly emergencies, too, but that’s a different conversation! lol

    • Travis says:

      Things that aren’t emergencies now may eventually become emergencies, right? We always have to be planning ahead! Thanks for stopping by, Sassy Mamaw!

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