HOW TO SUCCESSFULLY BUILD AN EMERGENCY FUND || 6 SIMPLE STEPS

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  • Опубліковано 27 сер 2024

КОМЕНТАРІ • 253

  • @susan.wanjiku_
    @susan.wanjiku_  Рік тому +37

    Hi guys, I will never ask you to text or Whatsapp me for anything. If you see any such comment, even with the picture being mine, offering you guides and numbers to call or whatsapp, kindly ignore and report that comment. It is scammers and bots trying to get to some of you. The right channels to reach me are always linked in the description box, that is, my website and email address.

    • @stevenmutumbu2860
      @stevenmutumbu2860 Рік тому +1

      I've leaned alot since I stumbled on your Channel plz keep more of this enlightening posts coming...+44

    • @sulaimahnsereko8561
      @sulaimahnsereko8561 Рік тому +1

      Am waiting to what is money mkt fund.....am rewatching from Germany

    • @stevenmutumbu2860
      @stevenmutumbu2860 Рік тому

      Mum Wanjiku na soma pole pole +44

    • @bazaalelawrence7167
      @bazaalelawrence7167 Рік тому

      Where is the description box

    • @stevenmutumbu2860
      @stevenmutumbu2860 Рік тому

      Still learning Wanjiku Maitu Very special Name to me.

  • @janetwanjiru2897
    @janetwanjiru2897 3 місяці тому +9

    My goodness,who else is here and just learned about Susan through Lynn Ngugi ?
    Thank you for all this knowledge for free.
    God Bless you.

  • @farmgrl
    @farmgrl Рік тому +38

    Who else loved it when Susan said she took 4years to build her emergency fund?
    I have always thought I am a failure for not achieving this goal. Kumbe its because I don't give myself enough time. 🤔
    Thank you for highlighting this Coach. 💯

    • @susan.wanjiku_
      @susan.wanjiku_  Рік тому

      Aaawww! Thanks for this! 🤍😉

    • @farmgrl
      @farmgrl Рік тому

      @@susan.wanjiku_ You are welcome. I love the information you give us here. In fact, I have just finished rebuilding my emergency fund and budget after watching this video. Now I have new energy financially to achieve them. Thanks to you, now I have put time into consideration. You are changing lives and keep going.

    • @doreenmazakpwe-ssemujju5186
      @doreenmazakpwe-ssemujju5186 4 години тому +1

      So grateful, I was getting discouraged but this has goven me hope. I have been keeping a certain unexpected money doing nothing but choosing where to put it. I jave grown😅

  • @amoskatana702
    @amoskatana702 Рік тому +54

    The thing about Emergency Fund A/c is that one key purpose it serves may not really be for "emergencies" which may not come around, but the peace of mind, stability and boldness it offers you, once set up and well funded, as you do your investments and acquire assets, other stuff and live life to the fullest 💯

    • @sulaimahnsereko8561
      @sulaimahnsereko8561 Рік тому

      Asante muzazi Moskatana. nawomba onifundishe EFAC in details. Mimi niko hapo Germany. Lakin siko mukenya.
      Asante pia

  • @lifeinitscolours4206
    @lifeinitscolours4206 Рік тому +69

    Happy new year! I have learnt a lot from your channel. I started my emergency fund in November 2022, so far so good, thanks for the valuable lessons

  • @fredleo9213
    @fredleo9213 Рік тому +16

    I watched the video about MMF and I started it immediately, today I am looking at it as am continuing to save there and how its growing, I am just loving it. Am seeing my financial freedom far but atleast am seeing it coming😊😊😊 am about to turn my MMF saving to emergency fund and then start another investment fund, incase I find a good one.

  • @chrispineokoth501
    @chrispineokoth501 Рік тому +11

    My main financial goal this year is to start a business and increase my income

  • @standout254
    @standout254 Рік тому +14

    I don't even know how to set my financial goals.
    Anyway thanks so much, I've never understood what an emergency fund is from all the videos I've been through in UA-cam.Am glad I found you!
    I had opened an mmf and SACCO and now I'm thinking I'll turn the MMF one into an emergency fund.
    I'm looking forward to watch how sinking and spending funds do work.
    I'm headed there immediately.
    Thank you!

    • @fredleo9213
      @fredleo9213 Рік тому

      Nice one, am also looking forward to see how sinking and spending fund work.

    • @nkkill8
      @nkkill8 Рік тому

      What is the advantages of money market over a saving account that does not charge and pay interest?

    • @standout254
      @standout254 Рік тому

      @@fredleo9213 Did you watch?
      Sinking fund hit me hard when my work laptop charger stopped working and I had literally nothing. Not replacing it meant not working and that's how you simply loose your job. My budget was already jotted down and every coin at its place. My miscallenaous money couldn't buy that charger.I couldn't take money for food or bills.So what? I had to take a loan or get into my savings .That's when you know you need a sinking fund for such things. If you have a car ,electronics, and anything that depreciates then you need a sinking fund. Anything can happen anytime . Thank you Susan, this is a transformation.

    • @standout254
      @standout254 Рік тому

      @@nkkill8 Saccos are good when it comes to taking loans. You'll get a loan that charges very low interest like 5 % .You're given loan thrice the amount you've saved in so long as you have guarantors. The money in the sacco grows too and at the end of every year you get dividends .But in Saccos you just don't withdraw your money. Withdrawing means stepping out of the Sacco. In MMF you can withdraw even the whole amount.
      Isn't that awesome?
      Run away from current and slippery accounts like mpesa and banks if your goal is saving.Put your money there if it's for spending .

    • @fredleo9213
      @fredleo9213 Рік тому

      @@standout254 yes I did and I have already opened the sinking fund. I dint just want to wait then learn the hard way

  • @janetkisaingu7188
    @janetkisaingu7188 Рік тому +2

    I started saving for my emergency fund in late 2021,it is growing....Trust the process

  • @lilianmumbua6642
    @lilianmumbua6642 Рік тому +7

    Happy new year to you. Am yet to set my financial goals but setting up an emergency fund is definitely going to be one of them.

  • @prettynyakano6638
    @prettynyakano6638 Рік тому +2

    To build my emergency funds thanks for this like your talking to me having been postponing it.

  • @sharonirungu2092
    @sharonirungu2092 Рік тому +8

    I am looking to invest in the stock market.
    Other goals include, going for therapy, traveling, moving out and starting a bookshop!

  • @susanmumba3873
    @susanmumba3873 22 дні тому

    Sis your videos have been very helpful, this is the second video and I feel order, composed and peaceful. I have started with clearing off debts and always draw my budget.... Emergency fund definitely I need this. 🎉🎉❤❤

  • @anastasiaoiro3239
    @anastasiaoiro3239 Рік тому +6

    Happy new year. I got the legacy budget tracker, you have taught me how to save for a purpose rather than just a blanket saving. I am also tracking my expenses. I can't wait to learn more about personal finance from you this year. Thanks for your content.

  • @gracewanjiku682
    @gracewanjiku682 Рік тому +9

    Hi Coach, this video is so authentic, relatable (its ok to start low, be intentional to build upwards towards that monthly target and finally give it time) and the gems you've shared are achievable. Thank you!!!!!

  • @davidmaase1744
    @davidmaase1744 Рік тому +5

    Thanks coach Susan, I enjoy a little bit of financial freedom, now exploring viable investment options.

  • @joycebwabi
    @joycebwabi Рік тому +7

    My financial goal this year is to set up an emergency fund have been so ignorant so when I saw this notification I stopped whatever I was doing to watch it.
    Am so intentional about this and this year I have to do it

  • @lucykaka501
    @lucykaka501 Рік тому +6

    I started my e.f in December. I know it's gonna take me years to achieve a one month ef, but am practically boarding. Thanks for the content Susan

    • @sulaimahnsereko8561
      @sulaimahnsereko8561 Рік тому

      How did you start up ?I need your help

    • @lucykaka501
      @lucykaka501 Рік тому

      @@sulaimahnsereko8561 hi.. as i said, I know it's gonna take me years to create a one month e.f. I it all starts with a positive spirit bro. Just a consistent few coins every month.. ranging from 300_1000. I know it will happen one day.

  • @TheVanmash
    @TheVanmash Рік тому +5

    Thank you Susan, your insights has always been so helpful to me

  • @sharonmatheka4164
    @sharonmatheka4164 Рік тому +3

    Thank you so much Susan.
    Building an emergency fund is one of my financial goals this year. I've been watching your videos especially on Emergency funds, and this particular one has answered so many of my questions that you have previously not talked about. Thank you so much.

  • @josephinewareta8777
    @josephinewareta8777 Рік тому +3

    Thank you very much Susan. Giving it time and giving it respect really hit home

  • @mentalwellnessdialogues
    @mentalwellnessdialogues Рік тому +3

    You are full of wisdom. Happy new year

  • @mosaletswalo7764
    @mosaletswalo7764 Рік тому +2

    I'm new here from South Africa, and I already love your content. [officially subscribed]🤗

  • @masindefortunatejoseph6295
    @masindefortunatejoseph6295 Рік тому

    Susan thanks alot for causing awareness to many who are sleeping . Iam masinde j from Uganda Kasese. Will continue listening to your videos very educative have shared with my daughter Eng Patience in Kampala.

  • @gracengigi7890
    @gracengigi7890 Рік тому +1

    I remember how this fund became of great help when l was building. I concur with you girl!

  • @WanguiNjoroge
    @WanguiNjoroge Рік тому +1

    I have two goals, grow my emergency account and meet you Susan. You are such an inspiration to me

  • @busingyevangilister5594
    @busingyevangilister5594 Рік тому +4

    I have set my financial goals and building my emergency fund is one of the goals....thanks for sharing

  • @shillahokeno1720
    @shillahokeno1720 Рік тому +1

    I'm obsessed with your videos! Thank you for enlightening us! "Give yourself the permission to start low" 👌🏾

  • @iNyams
    @iNyams Рік тому +2

    I just love the way Susan explains everything finance with such simplicity and very practical.

  • @ssemandajohnb4078
    @ssemandajohnb4078 Рік тому +2

    Thanks Suzan, this is an item to include in my budgets of 2023.

  • @PVLocalFirst
    @PVLocalFirst 7 місяців тому

    Thank you for a great video!! I love how the words economy and ecology have the same Latin root word, eco, basically translating to home.

  • @alisonkantarama8117
    @alisonkantarama8117 Рік тому

    Thanks Susan. I just got to your channel. I am building an emergency fund throught Money Markets with ICEA..your presentation is helpful indeed I have liked and shared...more interaction 2023. Blessing

  • @mommy-ish5378
    @mommy-ish5378 Рік тому +10

    My financial goal this year is to follow the 52 week mpesa challenge biblically. I did it last year successfully and this year I want to double my savings.
    Bonus: another financial goal is to have a meeting between you and our chama to help us with our investment plan. Looking forward to it.

    • @vincentmutisyaonline.9300
      @vincentmutisyaonline.9300 Рік тому +1

      How does it work?

    • @jelagatkoimur1038
      @jelagatkoimur1038 Рік тому +3

      Great idea,
      I saved my very first million using the 52 weeks platform. I wish you all the best. I also look forward to having her in our investment chama meeting.

    • @mommy-ish5378
      @mommy-ish5378 Рік тому

      @@jelagatkoimur1038 that's amazing, we have the same goal....thanks

    • @marygachau
      @marygachau 2 місяці тому

      How does this work kindly ​@@jelagatkoimur1038

  • @mildredmiti2786
    @mildredmiti2786 Місяць тому

    Valuable lessons you are gem

  • @707tich
    @707tich Рік тому +3

    I was in work and paying of my student loan which was 37 thousand. then was out of work for two years and I had to use savings because my ex boss was difficult to give any payout. Now I’m in work I checked my balance is 24 thousand. With this new job I can pay it off in two years and 6 months. THEN I CAN START INVESTING AND living my life way I want to. Amen I’m grateful.

  • @NgandweChifota
    @NgandweChifota 7 місяців тому +1

    Very educative, I have enjoyed the topic.

  • @Exxon300
    @Exxon300 Рік тому

    Thank you for your wisdom, you really helped me with funding the emergency fund especially by funding it with first priority.

  • @val-yg7gn
    @val-yg7gn Рік тому +2

    very realistic strategies and doable👍

  • @DianaKendi437
    @DianaKendi437 22 дні тому

    Was recently referred to you, and I must say I have been missing a lot on saving esp. since I have financial uncertainties, thank you so much Susan, it is really helpful

  • @annaahmed2564
    @annaahmed2564 Рік тому +1

    Wow that is very helpful tips Suzanne thanks for sharing keep it up good work

  • @stechmemoi1483
    @stechmemoi1483 Рік тому

    This is my Newest content I can never skip whenever I hear an alert... thank you Susan

  • @petermunene7937
    @petermunene7937 Рік тому

    May God bless you abundantly this year and give you alot of peace.
    Thank you.

  • @NatukundaImmaculate-xi2fc
    @NatukundaImmaculate-xi2fc 14 днів тому

    Thank you so much for sharing

  • @evambaya4373
    @evambaya4373 Місяць тому

    Extremely helpful.
    Budgeting too 🎉.
    Thanks

  • @mankwesebati4567
    @mankwesebati4567 Рік тому +1

    Watching from South Africa... I enjoy watching your videos

  • @andedomark81
    @andedomark81 Рік тому

    This is lovely Susan, keep transforming the minds. We have to do it anyway, anyhow, anytime

  • @SophiePwani
    @SophiePwani Рік тому +1

    Thanks coach Susan, planning to fund my own this year thanks to listening to your videos

  • @shadrackkiprotich2881
    @shadrackkiprotich2881 Рік тому

    I was refeered to this channel by a friend. I am already loving it.

  • @mohamedpinyi1859
    @mohamedpinyi1859 Рік тому

    Good stuff madam 👍. When and where do you hold a class like forum, If any.
    ~ your regular follower

  • @miriamssemuko6757
    @miriamssemuko6757 Рік тому +1

    Much love from Uganda

  • @mohshii6672
    @mohshii6672 Рік тому +1

    Very helpful. Thank you

  • @suziekaranja2795
    @suziekaranja2795 Рік тому +3

    Hey coach, I would like you to talk about saving for your kids and for retirement

  • @dominicmwambi4961
    @dominicmwambi4961 Рік тому +1

    Very helpful Susan,God Bless!

  • @paulinemwihaki3806
    @paulinemwihaki3806 Рік тому

    Much love Susan ..much love from Dubai …thankyou for this I wish all youths can be empowered looking forward to set a session with you ….cheers and good job

  • @globaljogam
    @globaljogam Рік тому

    Thank you so much Sussan. I really appreciate your teachings from the bottom of my heart.
    Through your teachings, I learnt so many things about financial freedom. It helps me so much such that I do save some money for not only emergency but also for other purposes.
    Once again thanks.

  • @anthonyhoseah7637
    @anthonyhoseah7637 Рік тому +1

    Susan this is beautiful; Emergency Fund👌👌

  • @winnierutahigwa391
    @winnierutahigwa391 3 місяці тому +1

    Thank u Babes… bless u

  • @ladyci20
    @ladyci20 Рік тому

    Amazing how she addresses everything

  • @annewangeci4571
    @annewangeci4571 Рік тому +1

    Your videos are always enlightening 👍

  • @faithachieng-zk1lf
    @faithachieng-zk1lf 26 днів тому

    Very helpful 💯🤗🙏

  • @phoebeshannie94
    @phoebeshannie94 Рік тому +1

    New here.And I appreciate the advice

  • @saadiadahir8449
    @saadiadahir8449 Рік тому +2

    Thanks Suzzy❤ bdw I love your chain, it’s beautiful where did you buy from?

  • @kezymaina8990
    @kezymaina8990 Рік тому +3

    Thank you Susan. i learn alot from your videos. Clarify is Emergency fund same as Money market fund.? I thought savings in a money market fund could be the same as saving for emergencies.....

    • @standout254
      @standout254 Рік тому

      I don't think it is

    • @WingersWorldwide
      @WingersWorldwide Рік тому

      Yea it's the same. Point is to have atleast 6months of expenses saved up somewhere

    • @sarahsthoughts624
      @sarahsthoughts624 Рік тому +1

      Emergency funds amounts can be parked in your Money Market Fund account as it is easily accessible should you need it. Emergency funds should be liquid so that you have easy access in an emergency.

  • @emillyngutamutuura8927
    @emillyngutamutuura8927 3 місяці тому

    I have learnt so much....This month I must start an emergency fund

  • @lucylove8783
    @lucylove8783 Рік тому

    U hv really inspired me since I subscribed.Am looking forward to working hard n following the steps u hv given.Thanks alot

  • @judyn3953
    @judyn3953 Рік тому +1

    Hi Wankiku. Thanks for the very informative video. How come you don't mention Britam money market fund? anything wrong with it? Please advise

  • @MulengaKasutu-ww5fx
    @MulengaKasutu-ww5fx 9 місяців тому +1

    Very educative

  • @newtonnjeru3660
    @newtonnjeru3660 Рік тому +1

    The advice is very helpful

  • @jmm7614
    @jmm7614 Рік тому

    Thanks Susan. I have to start this year. I missled myself to invest first which did not work.

  • @CruisingMakesMeHappy
    @CruisingMakesMeHappy Рік тому

    Awesome video and helpful strategies! Thank you Susan for sharing your wisdom and knowledge. Have a blessed day and year! 😃❤️

  • @Money.Mindsets
    @Money.Mindsets Рік тому +1

    Great video.

  • @user-ws2nm9fs9k
    @user-ws2nm9fs9k Рік тому +1

    I began building an emergency fund in 2022. I had built upto 3 months worth then come 2023 January lost my job ..... been jobless upto today.....Best to say... that emergency fund has been a buffer the past 3 months.

  • @orinatelove8765
    @orinatelove8765 Рік тому

    Thanks @susan for sharing. I wish to know , im I going to have a savings different from emergency fund?

  • @acajudi100
    @acajudi100 Рік тому

    I moved to Queretaro at 79 in 2021, when USA became too deadly and expensive. I love this cool and safe city.
    Thank God, I do not have to beg for donations. My pension takes care of all, and I always pay it forward to non-beggars. I have been visiting and ' in Mexico, mainly Acapulco

  • @MbuyiMqele-mn3em
    @MbuyiMqele-mn3em Рік тому +1

    Susan's videos are financially empowering me. My financial perception has improved.

  • @Marvie222
    @Marvie222 Рік тому

    Very valuable information. Thank you

  • @NELSONG12
    @NELSONG12 Рік тому +2

    This is great!

  • @eugineodhiambo2932
    @eugineodhiambo2932 Рік тому +1

    Have enjoyed and I'll start it soon

  • @alumketty4643
    @alumketty4643 2 місяці тому

    This video is very helpful ❤, thanks so much dear.

  • @vivianchioma4289
    @vivianchioma4289 Рік тому

    Thanks for this video. Very educating

  • @EstherAsianut-id1fu
    @EstherAsianut-id1fu Рік тому +1

    thanks Susan

  • @katusiimeelizabeth538
    @katusiimeelizabeth538 Рік тому

    Thank you so much madam susan I have benefited from it.

  • @childofgod8365
    @childofgod8365 Рік тому

    Thank you so much for the videos. They are amazing
    True. It can be intimidating

  • @stevein.
    @stevein. Рік тому +2

    Financial goals this year, investing

  • @dancinginthepurplereign4126
    @dancinginthepurplereign4126 5 місяців тому

    My goal is to set up an emergency fund.
    I am self employed and I always think of business ideas but I seldom have money to do it.
    I also want to relocate.

  • @busingyevangilister5594
    @busingyevangilister5594 Рік тому +1

    It was helpful. Thanks

  • @littlegrowingbones
    @littlegrowingbones Рік тому

    Really loved the video. Thank you for the great info. Very practical stuff.

  • @mercychelelgo6760
    @mercychelelgo6760 3 місяці тому

    This is great at my forties I hope I will catch up.God bless

  • @zahramaruramwakio6718
    @zahramaruramwakio6718 Рік тому +11

    Main financial gal is to diversify my income streams to be more than one

  • @deniskimotho2302
    @deniskimotho2302 10 місяців тому

    Very enlightening thanks Sue

  • @juditholoo3535
    @juditholoo3535 Рік тому

    Wow!! Susan i have really learnt alot. Thank you so much

  • @matayiajohn4995
    @matayiajohn4995 Рік тому

    wow susan learn alot from this section, asante

  • @tushiyakey9677
    @tushiyakey9677 Рік тому

    Thank you Coach Susan.

  • @faithkoech7219
    @faithkoech7219 Рік тому +1

    Thanks 🙏

  • @dankoros9012
    @dankoros9012 3 місяці тому +1

    @coach Susan, can SACCO deposits count as emergency fund?

  • @samwelbittok5980
    @samwelbittok5980 Рік тому

    Very helpful. God bless you.

  • @kkiesh19
    @kkiesh19 Рік тому

    Love your content. Like the idea of saving in stages...i.e., 3 months first then 6 months etc.

  • @mphatsochipala
    @mphatsochipala 4 місяці тому

    thank you for this presentation. i need more of this. Malawi.

  • @rajendersinghmathuria1351
    @rajendersinghmathuria1351 Рік тому

    Wathed completly .Thank you somuch for valuble things🙏

    • @adikufred7759
      @adikufred7759 Рік тому

      So educative. I'm blessed.
      Thank you Susan

  • @sarahwesterveld6251
    @sarahwesterveld6251 Рік тому

    Thank you for this clear information. Greetings from The Netherlands