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Whether you have $1,000 or $10,000, that money is a financial buffer.
Its not for fun or things you want but that could wait.
Here are the top non-emergencies you should not spend your emergency fund on, according to Ramsey.
But your regularcost of livingshould be covered by your income.
You shouldnt need to rely on an emergency fund to pay the bills.
Save it for things like an unexpected job loss or a car accident.
Routine Doctor Visits
Routine doctor visits, Ramsey said, should be expected.
Whether thats an annual physical checkup or your flu shot, you should be prepared for these things.
Your emergency fund should remain untouched.
On the other hand, it’s possible for you to use the fund foremergency medical bills.
Because of this, they dont count as emergencies.
Whether thats hiking or planning a picnic, dont use your emergency fund for such things.
This falls into the needs category.
Car Upgrades
You dont need thelatest vehicle or car upgrade.
Alternatively, stick with public transit until you could afford a better car.
Another non-emergency is a new stereo system in your vehicle.
But if you cant afford it in your monthlybudget, dont use your emergency fund for it.
Wait until youve saved up enough money, and get it then.
Latest Sales
Another non-emergency is that weekend sale at your favorite local retailer.
It could be on clothes, shoes, concert tickets or something else.
Whatever the case, unless its urgent and necessary, it can probably wait.
Impulse Purchases
Never waste your emergency money on impulse buys.
If you answered yes, thats what your rainy day fund is for.
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