Financial self-help books routinely tout the advantages of having an emergency fund, which is sound advice for working people of all income levels. But what are the most common ways individuals use the money in those accounts? Of course, the aim is not to pay for a vacation or a new car. Those clearly don’t come close to meeting the definition of an emergency. For millions of adults, losing a job or enduring a long layoff are typical reasons to pull cash out of an emergency fund. But there are plenty of other reasons.

Vehicle accidents tend to come out of the blue and drain bank accounts quickly. Likewise, unexpected healthcare bills are more common than most suspect. For homeowners, the need cash now list is longer. It includes two of the costliest house-related expenses of all: roof replacements and foundation repairs. Vehicle breakdowns that require the attention of a mechanic can be expensive, particularly for those who rely on their cars to get them to and from work. While there are numerous types of emergencies that disrupt people’s lives, the two most frequent offenders are job losses and vehicle accidents. Here are pertinent details about each.

Job Loss

Fear of losing a job through firing or a seasonal layoff is one of the most common financial emergencies for families and single professionals. In today’s volatile economy, it can happen to anyone, from the boardroom to the boiler room and every place in between. Getting a pink slip is never a happy moment in a person’s career, but it can be much less stressful for those who have enough capital to survive until the next job comes along. In most states, unless you quit a job, it’s possible to file for unemployment compensation. But those payments rarely match former salary levels, nor do they last forever. That’s why it’s essential to aim for an emergency fund that can carry you through a six-month bout of unemployment.

Truck Accidents

If you suffer a major injury as the result of a truck accident, it’s smart to search for the most talented, experienced truck accident attorney in the area. Whether you reside in a small town or a big metro area, do online research to locate a competent expert who can get you the financial settlement you deserve. Those who live in Evansville have access to some of the best attorneys in the US. They do everything in their power to get the compensation you are entitled to. Consider that a collision with a commercial truck can cause death, serious injury, and loss of your vehicle. For victims, the legal process to get compensation can be burdensome.

With decades of experience and knowledge behind them, a top firm in Evansville and elsewhere in the state of Indiana can represent victims and demonstrate in court that the trucking company was responsible for the collision due to negligence or other causes. Top attorneys will work hard to protect your interest, health, and emotional well-being while pursuing justice at the same time. When you need and want the best possible financial settlement, retain a talented law firm.