Going on my third child now, yes my wife and I still have lives and we are not broke, I have learned many things in regards to raising and preparing for children. I have learned how to wrangle children to change their diaper, warm up a baby bottle while trying to appease the older sister and most recently painting a room with two toddlers. One of the most important lessons though has been having our emergency fund, as my dad would say the “sh*t happens fund”.

You may wonder why this is so important when you have mouths to feed and diapers to purchase. I then ask you, what happens when your medical bills are more than you expected after you welcome your child into the world or when your sewer backs up two months before your third child is born? This is why you need your emergency fund. This fund goes by many names. The rainy day fund, my child needs stitches fund, our car broke down fund, or the oh sh*t fund. Unfortunately, people don’t treat it with as much urgency as the emergencies it would help with.

Your emergency fund will help by ensuring that when bad events do happen in your life that you’ll be able to take them in stride and not worry about them. Hospital costs for babies and moms are expensive and with the budget already tight, don’t make it tighter by not being prepared for the unexpected.


Start your savings by setting aside some money every month. If you are just starting to think about kids then you have time to start building up a solid emergency fund.

  • Your ultimate goal is 3-6 months of living expenses because the ultimate unexpected would be losing your job.
  • If you already have a baby on the way you will need to work at this with a little more urgency.
    • Try and get at least $1,000 saved up by the time the baby is born.
    • Better yet, shoot for $3,000 if you can manage. For many, this will cover at least a month’s worth of expenses or pay for an appliance if needed.

You will be grateful when the unthinkable happens and you don’t have to go into debt to pay for it. Sh*t does happen and we need to be prepared for it. Having an emergency fund to fall back on eases my everyday stress knowing I am ready and you can be too. Give me a call to see how financially fit you are for the unexpected rainy days.


image of Steven LaFleurSteven LaFleur grew up in Rapid City, SD and after high school went to college at the University of Nebraska-Lincoln where he majored in finance and met his wife Kelly. After college graduation in 2013, he worked for the family business for three years but eventually, Steven decided it was time to pursue a passion of his in helping people and their finances. Steven is now a financial advisor at True Measure Wealth Management in Omaha, NE. Steven and his wife Kelly have two daughters who keep them busy at all times of the day. Steven enjoys skiing in the mountains and also biking and golfing during the non-snowy months.