Liz joins this week’s podcast, and we talk about all things emergency funds. We start with why it’s so important to have an emergency fund and what emergency funds are meant to be used for versus not. We dig into all of the things you need to know about emergency funds, from where to keep it to how much you need in one. In addition to giving some general guidance on how much to keep in your emergency fund, we provide a specific tool and formula to help you decide on your own circumstances.
Show References:
- Swipe to calculate how many months you want to have in your emergency fund! I am an over saver for sure. I just sleep better at night with… | Instagram
- Inside Out Money podcast #036 – From canceling Netflix to selling our homes – What we’d do in a recession
- Monarch 30-day FREE trial – Referal link
- Wealthfront high-yield savings account referral code
- friends on FIRE podcast #015 – Expense Tracking Gone Wild
- friends on FIRE podcast #060 – Budgeting vs. Tracking Expenses
- friends on FIRE podcast #108 – Mid-year expense review with our spouses
- friends on FIRE podcast #132 – Full-year expense review with our spouses
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