I came across this concept a few times while reading. The truth is that you never know when a problem can happen. When a problem happens, you want to completely focus on resolving the problem. You don’t want to split focus between financial matters and the problem at hand. Why Didn’t They Teach Me This in Schools: 99 Personal Money Management Principles to Live By was written by Cary Siegel. It’s a great book. Having an emergency fund was one of the principles. Schools focus on socialization and not financial survival. One purpose of school is to get you ready for adulthood. Your true goal is not this. Your goal is to survive financially regardless of what comes up. My story I work for a large company. Working for large companies has benefits. One benefit is steady employment. I’ve been at my company for eleven years. Over the years, I’ve been able to set up a contingency plan. The economy may take a turn down or someone in the family gets sick, y...