‘My emergency fund just saved me!’ (and other tales of savvy planning)

When one Reddit user suffered a herniated disk in his neck that mangled a nerve in his left arm, he missed six months of work and was paid close to just half his normal take-home pay.

But his $15,000 emergency fund saved the day.

The 36-year-old Canadian IT consultant said the medical emergency would have cost him somewhere around $20,000 in lost wages and life expenses. “Think to yourself, could you live without $20K of your take home salary?” he wrote. “I live alone with no kids so I could, barely.”

He said he was lucky because he had his own safety net and tailored it to his needs.

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