{"id":20331,"date":"2015-12-21T11:52:52","date_gmt":"2015-12-21T03:52:52","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=20331"},"modified":"2015-12-31T14:53:49","modified_gmt":"2015-12-31T06:53:49","slug":"why-is-a-contingency-fund-so-important","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/why-is-a-contingency-fund-so-important","title":{"rendered":"Why Is A Contingency Fund So Important?"},"content":{"rendered":"<p>Life is full of unexpected surprises, and not all of them pleasant. A car repair, sudden illness and unemployment can catch you off-guard and leave you financially stranded.<\/p>\n<p>Having a contingency fund can help you weather these unfavourable situations should they occur.<\/p>\n<p>Unfortunately, many Malaysians are not sufficiently equipped for these challenges. A 2012 <a href=\"https:\/\/www.imoney.my\/articles\/7-reasons-why-malaysians-dont-save\" target=\"_blank\">Financial Literacy Barometer survey<\/a> conducted by Visa involving over 900 participants in Malaysia showed that one in five respondents had no savings at all, and over 70% cannot get through a personal emergency of over three months.<\/p>\n<p>That\u2019s pretty alarming, considering that disaster can strike anytime. Not convinced? Here are a few surprises that should motivate you to start or add to a contingency fund:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Still don\u2019t have a contingency fund? You don\u2019t want to wait till it\u2019s too late. Here\u2019s why you need to start building one today.<\/p>\n","protected":false},"author":29,"featured_media":20852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28,31,1],"tags":[208],"class_list":["post-20331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-deposit","category-infographic","category-investment","tag-featured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Is A Contingency Fund So Important? | iMoney<\/title>\n<meta name=\"description\" content=\"Still don\u2019t have a contingency fund? You don\u2019t want to wait till it\u2019s too late. Here\u2019s why you need to start building one today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/why-is-a-contingency-fund-so-important\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Is A Contingency Fund So Important?\" \/>\n<meta property=\"og:description\" content=\"Still don\u2019t have a contingency fund? You don\u2019t want to wait till it\u2019s too late. 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