Emergency Funds - lack of faith?

Image by The Library of Virginia via Flickr

Is creating an emergency fund for your family finances a lack of faith in Almighty God? My general answer to this question would be that it depends on the overall attitude of those building up such a fund.

If the attitude is one of hording, fear, and greed, then yes, there is a lack of faith.

If the attitude is more of building an emergency fund as an insurance policy, then I believe that is an appropriate one. We all have insurance policies for catastrophic circumstances: identity theft, homeowners/renters policies, health, life, auto, and so on. These policies help protect the family finances against unforeseen events.

In the same way, an emergency fund can protect your bottom line against medical emergencies, deductible payments, appliance breakdowns, major home and car repairs, as well as unemployment.

Modern day personal finances are much more complicated than ever before in history. You must self-insure yourself against the unexpected.

In the house of the wise are stores of choice food and oil, but a foolish man devours all he has. (Proverbs 21:20)