Years ago, Sydney woman Anna (alias Anna,) escaped the claw of a bad relationship with a "secret weapon."
When Anna worked in retail, her ex-boyfriend controlled almost every penny and all she earned, and when the relationship finally broke, the 19-year-old found out he had emptied their mutual account, leaving her with nothing.
What Anna's ex-boyfriend didn't know was that she inherited a property a few years ago and that she had been secretly keeping the rental income in a separate account.
The money helped her escape from the relationship and put her back on her feet-otherwise she could not do it.
Anna, 32, advises other Australians to set up an emergency fund just in case.
"I take 200 yuan a week from this property and deposit it in my own account, which I own," she said. So, when this messy relationship ends, I have enough money to rent myself a new place, buy myself some new furniture, and start over. He took all our money, my salary-all gone. I had a lot of credit card debt on my back because of him, and it took me years to pay off. But I am really lucky, I have other money, otherwise I will have to live with him for a long time, and he will not let me spend a penny. "
Anna says the emergency fund can help people get out of a bad situation or deal with contingencies.
"my advice to other people is to make sure you have some savings in case you need it, whether it's an unexpected bill or a breakdown in your car," she said. You can't count on credit cards to get out of this mess. "
A new study by the Federal Bank shows that in case of an emergency, 1/3 of Australians can't even afford $500 in cash.
In addition, financial experts believe that if you want to build a reasonable safety net, you should save at least three months' worth of money, including housing, electricity and water, food and transportation.
The head of Mozo, Costi. Lamont (Kirsty Lamont) said the emergency fund gives people the financial freedom to overcome unexpected emergencies or get rid of the brute-handed boss, partner or landlord.