My Emergency Fund Wasn’t Enough – Kobe Blankson – Medium

You can never prepare for an emergency situation. That is why they are emergencies, they’re abrupt and can really derail your routine.

On April 15th, 2017, I had an emergency.

I fully ruptured my Achilles tendon.

To add to my problems, I had exactly $258.04 in my emergency account.

However, in life, you either win or you learn. There is no winning with a terrible injury, so I won’t even start with that fake happiness. There are lessons to be learned. Even if they are life and specifically financial ones.

Here is what I learned:

1. Emergencies have no timeline

What do Drake, the Miami Heat, and emergencies all have in common?

They all went back-to-back.

See before my injury I had just finished depleting my emergency fund. My good friend Mr. Car decided that it needed new brakes far soon than anticipated. When the bill came I was prepared. I drained my account, topped it up a little bit and paid for the repairs without any debt. That is an amazing accomplishment in itself. There is something invigorating about being disciplined and it paying off in the future.

After a couple of months, I was able to contribute enough money to handle a small emergency. Then, my Achilles injury happened.

Consequently, between the Aircast, walking brace, mobile rentals, and Ubers that account went dry in a heartbeat.

Remember when I said shit happens?

This is what I was alluding to.

2. They can be way more expensive than you think

You know I had $258.04 in my account.

You know I had to pay for a cast, transportation, and other expenses.

But now, I have to add the cost of physiotherapy and other unforeseen costs to deal with my rehabilitation.

What I am trying to get at is, there is no way I could have planned for this. Even if I had more money in my emergency account, I don’t think it would have been enough.

Guess what? That’s is OK, It’s called life.

3. They force you to adapt

Kobe Bryant said it best:

“Control what you can control”

That is the approach you have to take whenever unexpected circumstances arise.

Was I mad about what happened?

Hell ya! I’m still mad about it. Part of the reason I wrote this article is that it is therapeutic, maybe add some positive value to a bad situation.

Again, shit happens, I don’t have the money to pay for everything this injury is going to bring. However, I can adapt, because I can control my spending and sacrifice some comforts in my life temporarily.

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