After the emergency fund is exhausted what next?

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Stardom22

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For the cases of the floods in my country whereby the property is being lost and massive destruction is being evident.
Where else can you seek for financial assistance when your emergency fund is exhausted?

 

nomad

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The basic rule of using emergency fund is you need to replenish it as soon as possible.

 

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Ratine

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What if it's exhausted in very fast speed or it's exhausted at once and before the replenish another urgent need arises.

 

freelancermaria

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Perhaps it would be helpful to ask for assistance from the government. Also, it would be wise to start saving again for your emergency fund, as unexpected events or disasters could happen again in the future.

 

Starmix

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It is good to hear of someone has an emergency fund so he or she won't feel very stressed thinking on where to get the money/

 

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Ratine

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It can be very disgusting however when one spends most of their savings in sorting out of emergency needs.

 

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Bisolami

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• #7

Stardom22 said:

For the cases of the floods in my country whereby the property is being lost and massive destruction is being evident.
Where else can you seek for financial assistance when your emergency fund is exhausted?

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The next thing is to save another emergency fund but you should not be in a rush to do that but the good thing is that you could use the emergency fund when you have any issue

 

bestwriter

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I do not have an emergency fund but spend money that I have in my savings account

 

Suba

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When a major disaster occurs, let us not think about wealth, such as when the 2004 Aceh tsunami occurred in my country, there was a lot of help from all corners of the world.

 

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Springtime

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If your emergency is exhausted, you have to save from the start. In my city, when a disaster occurs, and people needs urgent money to rebuild their home, they can apply for government assistance.

 

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Stardom22

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• #11

One should formulate some plans so that they can save Money on the emergency fund for the sake of some financial emergencies.

 

Shavkat

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They can seek for help from different international non-government organizations. For example, United Nation, UNICEF, and the like.

 

Starmix

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• #13

Build again another emergency fund in case it is already consumed by an immediate need.

 

Shavkat

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Starmix said:

Build again another emergency fund in case it is already consumed by an immediate need.

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I agree with you. If it is all run out, then we need to set another ways to acquire the emergency fund. In this way, everything is under the control of the person.

 

eldavis

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Once it's exhausted, you have to look for a way to fill it back up, I believe that's how it's done.

 

IB D

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• #16

eldavis said:

Once it's exhausted, you have to look for a way to fill it back up, I believe that's how it's done.

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That is just it. Savings for emergency needs to be continuous without stop. It can be as big as it can.

 

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Rubz

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• #17

I believe the best thing to do after an emergency fund is exhausted is to try to fill up the emergency fund, so one won't be stranded in case of another emergency.