Ep.35- Building An Emergency Fund

2023-10-02

🚨 EMERGENCY FUND 101 🚨 Did you know that a whopping 51% of Americans have less than 3 months of savings (Bankrate)? 😱 That's like trying to navigate a financial minefield without a map! 🧭 Rule of thumb: Your emergency fund should be 3-6 months of EXPENSES, not income! 🧾 So, if pizza night is part of your budget (of course it is 🍕), that goes in there too! 💰 Now, where do you park this rainy day treasure? ☔️ Definitely not under your mattress - too lumpy! 😆 🏦 Opt for a high-yield savings accoun...

🚨 EMERGENCY FUND 101 🚨

Did you know that a whopping 51% of Americans have less than 3 months of savings (Bankrate)? 😱 That's like trying to navigate a financial minefield without a map! 🧭

Rule of thumb: Your emergency fund should be 3-6 months of EXPENSES, not income! 🧾 So, if pizza night is part of your budget (of course it is 🍕), that goes in there too!

💰 Now, where do you park this rainy day treasure? ☔️ Definitely not under your mattress - too lumpy! 😆

🏦 Opt for a high-yield savings account or a money market account. 💳They keep your funds secure and growing - like your own financial secret garden! 🌱💰

Your emergency fund is like your financial superhero cape – ready to swoop in when you need it most. 🦸‍♀️✨

Remember, financial superheroes are MADE, not born. 💪 Share your emergency fund tips below, and let's build a financially resilient Michigan, one slice of pizza at a time! 🍕🏠💰

#EmergencyFund101 #FinancialSuperhero #MichiganMoneyMagic #WealthyHOMES

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