The Importance of having a Panic Fund

Waking up jobless today, it feels exhausting to tell you the truth.  Maybe I’m still a little tired from my last shift but I am ready to just be gone on my holiday.  NYC here I come baby!

You may be wondering how it is possible that I, a single woman with rent to pay, can give up a good paying job, go on a holiday and not seem concerned about rushing into another.


Princess Wahine?  Moana riding the waves to my millions when my movie is released on boxing day?

Fat chance!  I will have as much luck with that as with winning the lotto.  Awesome in theory but far from the reality of my life as one can get.

In this day and age I truly believe having a job and a good paying one is a privilege.  Therefore it  is appalling that a youngish, healthy person such as myself can give up a great paying job only to sit around without a J-O-B.

Not that the plan is to just ‘sit’ around but it is a great coincidence that we are heading into summer and I intend on having a couple of days lazing around in the sun and surf.

To coincide with the end of my employment I thought it appropriate to discuss how it is possible that I can do this without losing much sleep over it.   


A Maori woman’s take on a walkout fund, bugger off fund, heck anything that says I’m free to make the choice I want to make and up yours fund.

My Panic Fund is comprised of enough money to support myself in the event of a major catastrophe.  Yes I say catastrophe because that is what it was set up for.  It contains a years worth of expenses saved in case I cannot work due to ill health, disability, family disaster, or any  other catastrophic scenario that will prevent me from working.

It is also because I am a New Zealand citizen living in Australia and am entitled to no benefits should I lose my job due to unforeseen circumstances (for those of us who arrived after February 2002).

This fund is essentially my financial back up to lessen the chance of  being homeless in the event of a disaster.


It all comes down to savings.  A dollar saved is one step closer to a little peace of mind.  Think of that the next time you want to buy something new.

It’s difficult granted, because it is not as urgent a goal as one feels when they have goals to either paying off debt, or saving for a vacation.

Cause snore…who wants to save money for the sake of ‘just in case’.  I get that.

Still it should be an aim to at least put something aside for a rainy day.  Whether it’s for one week, one month or one year, one dollar at a time!


My panic fund however is not going to be used to fund my lifestyle change.  As it turns out I have built up a large surplus of annual leave that will be seeing me through this phase of underemployment.

It is my personal rule that the fund is never to be touched in the event of want.  As in I wanted to resign my job so come hell or high-water I will not be touching this fund.  I have chosen to leave my job after all.

Plans are already in motion on that front!  

Still the peace of mind I have gained from knowing this fund exists pretty much keeps me snoring at night.  When I’m not worrying about other things of course.

Tell me do you have you own panic fund?

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