Emergency Fund: How Much Should You Have? Why Is Saving Money Important? | Money & Investing Podcast

Описание: ✅What is an emergency fund? 💲How much should you have in the emergency fund? ✅Why is saving money for this fund important? ✅ What's the difference between savings and emergency funds? ✅ Answers to these questions are covered in the video, as well as given an exciting example of personal experience of the necessity of the emergency fund.

In this "Money and investing" show, Andrew Baxter and co-host Mitch Olarenshaw talk about an emergency fund, why you need one, and how much should you have money there.

💻🎧📝 This episode will benefit people, who start their journey to learn how to manage their money and accumulate wealth.

00:00 Intro.
01:17 Cash as an asset vs. cash as a tool.
02:14 Why is it tough to hold cash in the bank during inflation?
04:00 What is the emergency fund designed for?
06:50 The difference between savings and the emergency fund. How much money should you have in the emergency fund?
08:46 What is the difference between necessary, emergency, and discretionary expenses for using that cash?
11:03 How to adjust the emergency fund in accordance with increasing "lifestyle inflation"?
13:05 The important money fundamentals.
15:27 Personal experience of the necessity of the emergency fund.

👍 If you enjoy the video, please LIKE, SHARE, and SUBSCRIBE!

✅📱💲► SUBSCRIBE to the channel for more videos ►    / @australianinvestmenteducation  

If you want to learn how to make money from trading click these links below 🔽🔽🔽

📲► DOWNLOAD MyTradingAdvisor App iOS and Android    • MyTradingAdvisor App  

Apple App Store https://apps.apple.com/app/mytradinga...
Google Play https://play.google.com/store/apps/de...

📈► MyTradingAdvisor App Walkthrough    • MyTradingAdvisor App Walkthrough  

✅► REGISTER NOW TO FREE Online Training with Andrew Baxter https://bit.ly/cod-online

✅► SUBSCRIBE to the Money and Investing Podcast http://www.moneyandinvesting.com.au/

✅► LEARN FREE Stock Repair Strategy https://www.stockrepairstrategy.com/
________________________
💻🎧📝 YOU MIGHT ALSO LIKE THESE VIDEOS

► Biggest Money Mistakes To Avoid | Be Aware Of This Money Repellent!    • Biggest Money Mistakes To Avoid | Be Aware...  

► Practical Budgeting Tips On How To Save And Manage Money    • Practical Budgeting Tips On How To Save An...  

► How to Teach Your Kids About Money: Pocket Money for Kids    • How to Teach Your Kids About Money: Pocket...  

► What Is The Time Value of Money? The Power of Compounding Returns    • What Is The Time Value of Money? The Power...  

► Knowing Your Money Stories. How To Change Your Money Story And Limiting Money Beliefs    • Knowing Your Money Stories | How To Change...  
________________________
✅📱🤝 CONTACT US
► Local Phone 0755854285
► International phone +61 7 55 854 285
► Address Level 1, 36 Upton Street Bundall QLD 4217
________________________
📱 STAY TUNED
► Website https://australianinvestmenteducation...
► Facebook   / australianinvestmenteducation  
► Instagram   / moneyandinvesting.com.au  

#AustralianInvestmentEducation #savingmoney #emergencyfund #moneycoaching #wealthcreation #howtogetrich #investing #howtoinvest #financialeducation #investingforbeginners #investingeducation