

055. Our formula for how much to keep in your emergency fund
Apr 29, 2024
Financial expert Liz joins the podcast to discuss the importance of emergency funds, how much to keep in one, and where to store it. They provide a tool and formula to help listeners determine their ideal emergency fund size, emphasizing the need for discipline in using the fund only for true emergencies.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
Building an Emergency Fund for Financial Security
01:49 • 5min
Discussion on Emergency Expenses and Monarch Money Appreciation
07:02 • 2min
Calculating the Ideal Emergency Fund Size
08:50 • 11min
Unexpected Emergencies: Importance of Having an Emergency Fund
20:02 • 11min
Managing Emergency Funds and High-Yield Savings
30:36 • 2min
Emergency Fund Preparation and High-Yield Savings Accounts
32:31 • 9min