Beginners Guide to Emergency Funds: Why You Need One (And How Much To Save! )

Описание: What is an emergency fund? Who needs an emergency fund? What is an emergency expense? How big should your emergency fund be? We'll cover all of this and more in this video which is part 1 of my 4 part series on emergency funds. Why 4 parts? With emergency funds being so important to our overall personal finances and well-being, I wanted to make sure I cover this topic in sufficient detail and hopefully make it as helpful as possible. In Part 1 of this series, which you’re watching right now, we’re going to lay out a solid foundation. We’ll cover what an emergency fund is, why it’s an absolute must-have, what it should and shouldn’t be used for and we’ll also tackle the burning question, how much should you save?

In subsequent videos, we’ll dive into details on how to save an emergency fund, i'll share my tried and tested tips on how to bulk up your emergency fund fast and finally we’ll talk about where to save and store it.

Timestamps
00:00 Intro
00:15 What is an Emergency Fund?
01:17 What is an Emergency Expense?
03:02 What is an Irregular Expense?
04:53 How much to save in an emergency fund?
06:50 Outro

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DISCLAIMERS & DISCLOSURES

This content is for education and entertainment purposes only. Maya does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.