Posts tagged emergency fund
How to save up an emergency fund

You know that you need an emergency fund and why, what to do with it once you’ve got one - how much to have, where to put it, and when to use it - but if you’ve still got one burning question left, you’re not alone.

How on earth am I going to save up that much money?

The good news is that you can do this - even if you don’t have tons left over each month. It will just take a little more time. So without further ado, let’s look at a few ways people have successfully used (myself included) to save up a big chunk of change.

 

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How to handle emergency savings

In my last post, I (hopefully) convinced you that you need an emergency fund (click here to read that post if you missed it!). Especially if you’re in debt or have a variable income. So now you know what an emergency fund is, who needs one, and why they’re so important. If you were already on board, read on.

I bet you’ve still got some questions, though - namely how much you should be saving, where to put it, and how to know when to use it (and when to leave it alone!).

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Would a money emergency wreck your life?

I don’t like motivating people with fear. I prefer to use the carrot rather than the stick when I work with folks. Get them moving towards things they’re excited about - freedom, being their own boss, peace of mind, sleeping well at night - that sort of thing.

But in order to get you to set up an emergency fund (now, not next week and certainly not “someday”), I need to put a little shake in your boots.

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