[00:25:13] GC: The big
thing about emergency funds is there's no one definite amount that you need to have in there.
The thing about emergency funds is that no one thinks they need one..
Not exact matches
So far the only
things l really know are
about saving,
emergency funds, and using side hustles to make more.
I just don't know much
about these
things but I live and drive cheaply and add to my
emergency fund about 800 a month now that I'm done with school so I don't know if that extra infohelps
Given feedback I appreciate there are levels of
emergency fund, the above details
things which might be
about 1 - 2 month salary in cost, car repairs, leaks, boiler repairs.
That's what an
emergency fund is all
about - keeping
things tight - normal for long enough to get back on your feet.
It's a tough call but people need do I suppose a better job of planning for life, that's why I come back to personal finance types like me will talk
about having
emergency funds set aside for when that type of
thing happens.
If you're establishing the budget for your family, engage in an «open and honest dialogue»
about the household finances, taking into consideration
things like creating an
emergency fund, setting aside money for college and preparing for retirement, Brauer says.
Instead of worrying
about debt, you can focus on
things like bulking up your
emergency fund or saving money for a down payment on a home.
I think the only
thing I would add is
about the
emergency fund.
An
emergency fund isn't the only
thing to think
about — cutting expenses, stopping retirement savings, and selling your car are a few options.
I was saving up enough money for a «runway» AKA
emergency fund that would support me for
about 8 months if this whole entrepreneur
thing didn't work out the way I planned.