14th May 2025
Financial emergencies, from urgent home repairs to unexpected medical costs, can crop up when we least expect them. In our latest web poll, we asked how people typically respond when the unexpected happens.
42% of respondents said they rely on an emergency fund, showing that for many, setting money aside in advance offers peace of mind when faced with sudden expenses.
However, 32% of voters said they don’t have a specific plan in place and deal with things as they happen. While this approach may suit some, it can also be a reminder of how having a plan can reduce stress and improve financial outcomes.
16% of participants said they would ask for help from family or friends, highlighting the role that personal support networks still play when money gets tight.
And 10% said they’d use credit cards or loans to bridge the gap, which can be a convenient option when immediate access to cash is needed, but is potentially very risky if high interest rates and debt aren’t managed carefully.
No matter your approach, thinking ahead can make unexpected costs feel more manageable.
| How do you manage unexpected financial emergencies? | Results |
| I have an emergency fund for such situations | 42% |
| I don’t have a specific plan and deal with it when it happens | 32% |
| I ask for help from family or friends | 16% |
| I use credit cards or loans | 10% |
This month, we’re asking how much importance you place on supporting your children financially after they turn 18. Let us know here!