How To Build an Emergency Fund in 2024 (Aussie Edition)

In this video, I’m going to show you how to easily build an emergency fund with 5 simple steps.
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🚨 Disclaimer:
Although I have a Finance degree, I am not a financial advisor, and my comments are for entertainment purposes only. It does not take into account your objectives, financial situation or needs. Please perform your own due diligence when investing your money or seek the advice of a licensed advisor.

#australia #emergencyfunds #emergencyfund

⏰ TIMESTAMPS
0:00 - Intro
0:04 - What is an Emergency Fund?
0:39 - How To Build an Emergency Fund?
0:57 - Step 1 - Set a Savings Goal
1:40 - Step 2 - Create a Budget
2:23 - Step 3 - Automate Your Savings
2:58 - Step 4 - Use Extra Money
3:24 - Step 5 - Avoid Temptation
3:56 - Where To Park Your Emergency Fund

[Mattreiddy]

Found you recently on my feed & been bingeing through it. Love your channel my guy. Please focusing on quality Australian financial content 🙏 DISCIPLINE

[aarontong]

This video made me more disciplined 💪 gunna add a few more months to the fund!!

[varokalpak]

Discipline 💪 Thanks Bryan for your tips and advices 👍

[jamies]

Once you reach your emergency fund say of 20k you just sit it in there and collect the Intrest? And never touch it unless for a rainy day? This has really inspired me to build up my savings!

[Mitkers]

Discipline 😊 thank you for making this video and sharing your knowledge. Haha, i opened moomoo because of you, and now I'll open ubank. Thank you 🙏🏾

[Jim-Greek]

Great video especially for the beginner saver
Discipline B-Man 👌🏽🍻

[KatSreeRaman]

Hi Bryan, any thoughts on keeping the emergency fund in a redraw or offset account for those who have a home mortgage?

[robsalvv]

Hey Brian, speaking emergency funds, mine is in a HISA with Ubank, but they just emailed saying several changes were coming including tiered bonus interest and a minimum $500 per month.

Looks like we could use another brilliant Brian HISA review!

[ninjafruit-yt]

Thanks for the video! I love the good vibes

[satyakarthik]

it was a great video and where I can learn more about financial planning and the taxation on investment and outside super and insifsuperannuation

[danielazurduy]

Hi, is there any good option for a non australian citizen?

[benh]

Hey Bryan did you hear the news about the Ubank changes with steped interest rates? What are your thoughts? Still recommend?

[iDrive]

Change to ING. No atm fees and 5.5% interest on savings account.

[AfifHassanOfficial]

Hi !!🤗 I have seen your video very nice.❤

[elena]

I opened UBank just to find out they will not allow external deposits from 1 of July 2024 and 500 monthly deposit minimum. My plan was to keep just a savings account there, now need to close it 😂

[abhnvkhre]

I tried opening an account with ubank but unfortunately I couldn’t because i have a single name (i.e., no surname/family name). Has anyone else faced this problem ?

[MetalGirl]

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

[DrCoomer_]

Youll never want an emergency fund.
Ever.
I haven't in my whole life.






You'll need it though

[vijayaragavan]

Its no more 200$ every month in Ubank- they have increased to 500 $. Please check before posting- thanks

[lionsden]

Emergency fund is my credit card, make peanuts for savings and its taxable