Most of us are creatures of habit. We find a certain comfort and safety in the predictability of our day-today lives. Unfortunately, that also means we tend to avoid thinking about or planning for unexpected and unwelcome changes. But change—sometimes drastic in nature—is inevitable from time to time. Whether it’s the sudden loss of a job, a precipitous market drop that impacts your portfolio’s ability to generate needed income, or an unplanned but necessary major expenditure, life without a financial “safety net” in the form of an emergency fund is a risky proposition.
