30 Days Challenge
Day 11 - No Spend Day
Imagine your life if you had to work all seven days of the week 😰 until you retire.
We saw a sleek-looking umbrella at Ikea a few months back. It was still summer in Dubai. (Isn't it mostly summer in Dubai?🤔)
I thought of buying it, as we lost the one we had earlier while moving houses. Moreover, we last used an umbrella two years ago. So we were wondering if we really need it.
Image Source: https://www.ikea.com/ae/en/p/knalla-umbrella-black-60282332/
🛍️ It was just 19 dirhams.
🖤 It looked nice.
🤷♀️ My partner said, “Let’s buy it – just in case.”
So we bought two.
Tossed them into the closet.
And… forgot about them.
Until last Saturday 🌧️
It started pouring. I had a doctor’s appointment at 2:00 PM. And it was raining cats and dogs. Without that umbrella, I would’ve either had to cancel or arrive completely soaked.
Thanks to our “just in case” decision, I reached the clinic dry, on time — and even enjoyed the rain ☔
That’s when it hit me.
Life, like weather, can be unpredictable.
🌤️ Some days are smooth.
🌩️ Some bring storms.
🌀 And some — we wish never happened.
That’s where Emergency Savings come in.
It’s your financial umbrella — the one that keeps you dry when the unexpected hits.
✅ They protect you during a temporary loss of income
✅ Help cover unexpected medical or family expenses
✅ Prevent you from falling into high-interest debt
✅ Give peace of mind and breathing space when life throws curveballs
Without it?
You’re just hoping bad things won’t happen — because you can’t afford them if they do.
Aim for at least 3 to 6 months’ worth of income.
This gives you time and flexibility to bounce back.
I’ve added an Emergency Fund Calculator to the Net Worth Template from Day 2.
📥 If you missed it, you can still download it here
Put your emergency savings in liquid, low-risk options. Ideally, accessible within 24–36 hours:
✅ Savings accounts
✅ E-Saver accounts
✅ National Bonds
✅ Term deposits
✅ Money Market Funds
✅ Short-term sovereign bonds (thanks to rising rates)
Your emergency fund is NOT for:
❌ Paying off debt
❌ Vacation plans
❌ Home or car down payments
❌ Rent or tuition fees (unless it's a true emergency)
Tempting? Yes.
But stay disciplined. Keep it strictly for real emergencies.
Review your current emergency savings.
Check if they are easily accessible (liquid).
Use the Emergency Fund Calculator to assess if the amount is enough.
Update your Net Worth Tracker accordingly.
👏 Thanks for staying committed to the 30-Day Win With Money Challenge.
See you tomorrow with another powerful activity!
🧭 Until then — stay dry, stay prepared!
Thanks again for participating in the 30-Day Win With Money Challenge. See you tomorrow for an exciting and useful activity.
Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours...
Imagine your life if you had to work all seven days of the week 😰 until you retire.
I was a bit skeptical before launching the 30 Days - Win with Money challenge.
I wanted to be sure...
The last three years were challenging on multiple fronts, and money was one of them for many of us.