Becs from enable.me joins us to unpack emergency funds. Learn how much cash you really need to save, how to calculate your risk, and the smartest spots to keep your money.
Everyone loves to throw around blanket rules for emergency funds, like saving three months of income or six months of expenses. Becs from enable.me joined us on The Money Brief to break down how to figure out your real number.
Becs walks us through how to step back and start small. Setting an initial goal of $1,000 protects you when the dishwasher breaks without forcing you onto a credit card.
She advises us against putting it in locked-away investments, instead giving us places where we can keep it in case we need it.
This episode was brought to you by our friends at http://enable.me - helping Kiwis build better financial futures.
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Host: Reagan White
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