Why You Need An Emergency Fund

I didn't have an emergency fund. That was a huge mistake. In this video I share the importance of emergency funds and what to do if you don't have one. Learn how to protect yourself from unexpected expenses, no matter who you are.

Timecodes

0:00 - Intro
0:44 - What is An Emergency Fund and What Does It Do?
3:24 - How Much Do I Need?
5:20 - Where to Save an Emergency Fund?
7:15 - I Want To Be Ready When…

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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.

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[appleztooranges]

I think if you have a family / house / vehicle you need way more than 3-6 months emergency funds

[MrJeffgonz]

I do a hybrid. 3 months of basic expenses in my checking and the other 3 months in VASIX.

[callmeNeno]

Great point: “an emergency fund is not an investment” so keep them separate.

[sarahlee]

Emergency funds is very important. I agree. 👍

[rainacherienne]

Can you please do on sinking funds and categories.

[nelizajoey]

how about placing an emergency fund at high yield checking account?