You Need An EMERGENCY FUND Now More Than Ever. Here's Why And How To Save For A Rainy Day Fund.

Today I want to explain the reasons why you need an emergency fund now more than ever! As we battle with high inflation and a stagnating economy, having a rainy day fund is going to be even more important!

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So if you've been watching the news lately then you're probably not new to the talks around inflation and a potential recession. Because of this, having an emergency fund is going to be even more important now more than ever. So in this video I want to outline exactly what an emergency fund is, how much you should have in your emergency fund and how to actually build and save for your emergency fund. I believe that budgeting and saving money is key to building wealth and becoming financially independent or financially free, whether we're in a recession or not. So if you want to learn more, then this is a great place! Some of the examples are UK based, however this can also apply to many countries too.
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I'm the typical Millennial who previously spent everything she made (though it wasn't much), but decided to pursue financial freedom - something the schools should've taught us!

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DISCLAIMER PT 2: Please note I am not a Financial Advisor or Employment Lawyer. The content presented in this video are personal opinions and for entertainment purposes only. You are responsible for the financial decisions you make!

0:00 Introduction
0:07 EMERGENCY FUNDS
0:19 WHAT IS AN EMERGENCY FUND?
0:23 HOW MUCH SHOULD YOU HAVE?
2:51 HOW MUCH SHOULD I HAVE IN MY EMERGENCY FUND?
2:58 MONTHS OF EXPENSES
4:30 WHY YOU NEED AN EMERGENCY FUND
5:21 HOW WILL I PAY FOR MY EXPENSES?
5:52 STORING YOUR EMERGENCY FUND
7:27 HOW TO BUILD YOUR EMERGENCY FUND
8:58 MAKE MORE MONEY
9:05 TWEAK YOUR TIMELINE

Видео You Need An EMERGENCY FUND Now More Than Ever. Here's Why And How To Save For A Rainy Day Fund. канала Veronia Spaine