Having an emergency fund is commonly accepted (and good!) advice. When to spend it is addressed less often.&nbsp;To make it simple to decide when to use it, define what it's for first.

Emergency fund

Money & Investments

Your first step is to figure out what counts as a true emergency.&nbsp;Not all emergencies can be predicted, but many can. Car repairs, medical expenses, higher-than-normal bills. Even having a list of things that you can and cannot spend an emergency fund on can help you stay on track and avoid spending it when you shouldn't.

Define what your emergency fund is 

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Having an emergency fund is commonly accepted (and good!) advice. When to spend it is addressed less often. To make it simple to decide when to use it, define what it's for first.
Not all emergencies can be predicted, but many can. Car repairs, medical expenses, higher-than-normal bills. Even having a list of things that you can and cannot spend an emergency fund on can help you stay on track and avoid spending it when you shouldn't. As personal finance blog Money Ning explains:
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Your first step is to figure out what counts as a true emergency. The fact that your TV broke and you'd like to get a new big flatscreen doesn't qualify as one.
"You should identify what a typical emergency for your household at your income level is," says Lesavich. This means you should consider what it might cost to fix a car, buy a new washer, or pay dental bill. "For many people, just putting $100 a month is enough to get a good start on these types of emergencies."
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Exceptions will always happen and if something devastating happens that you didn't predict, you obviously shouldn't feel like you can't spend money you need simply because you didn't know you'd need to. However, establishing boundaries first can help prevent you from fudging the numbers later.
<a href="http://moneyning.com/budgeting/how-to-stop-spending-your-emergency-fund/">How to Stop Yourself From Spending Your Emergency Fund</a> | Money Ning
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Having an emergency fund is commonly accepted (and good!) advice. When to spend it is addressed less often. To make it simple to decide when to use it, define what it's for first. Not all emergencies can be predicted, but many can. Car repairs, medical expenses, higher-than-normal bills.

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Bite‑sized knowledgeto upgradeyour career

Define What Your Emergency Fund Is For To Avoid Spending It Carelessly

Emergency fund

Define what your emergency fund is

12 Personal Finance Tips and Tricks to Make You Rich - Swift Salary

How to Start Managing Your Money, For Those Who Never Learned Growing Up

Budget Definition

Bite‑sized knowledge
to upgrade
your career