Why You Need An Emergency Fund

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I didn't have an emergency fund. That was a huge mistake. In this video I share the importance of emergency funds and what to do if you don't have one. Learn how to protect yourself from unexpected expenses, no matter who you are.
Timecodes
0:00 - Intro
0:44 - What is An Emergency Fund and What Does It Do?
3:24 - How Much Do I Need?
5:20 - Where to Save an Emergency Fund?
7:15 - I Want To Be Ready When…
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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
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[@nelizajoey26]

how about placing an emergency fund at high yield checking account?

[@MrJeffgonz]

I do a hybrid. 3 months of basic expenses in my checking and the other 3 months in VASIX.

[@rainacherienne1010]

Same, I have 10k in savings and 10k invested in various solid stocks.

[@peterl2767]

Thanks for the info. Great job!

[@TaeKimFinancialTortoise]

Glad it was helpful!

[@rainacherienne1010]

Can you please do on sinking funds and categories.

[@sarahlee3219]

Emergency funds is very important. I agree. 👍

[@TaeKimFinancialTortoise]

Thanks!

[@callmeNeno]

Great point: “an emergency fund is not an investment” so keep them separate.