The money out of your emergency fund must be spent on expenses which might be urgent, sudden and essential. That’s why it’s essential to maintain money aside in an emergency fund . As a house owner, you’re going to run into things that want upkeep work on a routine basis, like removing leaves from the gutters or cleansing out your sump pump. You additionally in all probability have a good idea of points that can need to be addressed soon, corresponding to a leaky roof or an A/C unit that’s on its final leg. Tasks like cleansing the HVAC ducts or changing your roof aren’t as alluring as a elaborate kitchen remodel. And in real life, you’re faced with the burden of paying to get the work done — having to shell out lots of or 1000’s of your onerous-earned cash.