Ep.35- Building An Emergency Fund

02/10/2023 11 min Episodio 35
Ep.35- Building An Emergency Fund

Listen "Ep.35- Building An Emergency Fund"

Episode Synopsis

🚨 EMERGENCY FUND 101 🚨
 
Did you know that a whopping 51% of Americans have less than 3 months of savings (Bankrate)? 😱 That's like trying to navigate a financial minefield without a map! 🧭
Rule of thumb: Your emergency fund should be 3-6 months of EXPENSES, not income! 🧾 So, if pizza night is part of your budget (of course it is 🍕), that goes in there too!
💰 Now, where do you park this rainy day treasure? ☔️ Definitely not under your mattress - too lumpy! 😆
🏦 Opt for a high-yield savings account or a money market account. 💳They keep your funds secure and growing - like your own financial secret garden! 🌱💰 
Your emergency fund is like your financial superhero cape – ready to swoop in when you need it most. 🦸‍♀️✨ 
Remember, financial superheroes are MADE, not born. 💪 Share your emergency fund tips below, and let's build a financially resilient Michigan, one slice of pizza at a time! 🍕🏠💰 
#EmergencyFund101 #FinancialSuperhero #MichiganMoneyMagic #WealthyHOMES 
 
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Securities licensed in MI, FL, TN, CA, & WA. 
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