#4 Baby Step 3: Save 3β6 months of expenses in a fully funded emergency fund.
Manage episode 409927659 series 3545222
Welcome to Episode 4 of "Figuring The Figures" by ZtikMan! In this episode, we dive into Dave Ramsey's Baby Step 3, focusing on the crucial task of building your emergency fund. Join us as we discuss the importance of having a financial safety net and practical strategies for saving three to six months of expenses. Learn why an emergency fund is essential, where to keep it, and how to start building it today. Whether you're just starting your financial journey or looking to enhance your money management skills, this episode is packed with valuable insights to help you achieve financial security. Tune in now and take control of your financial future!
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Hoofdstukken
1. Intro (00:00:00)
2. Timestamps (00:01:15)
3. Saving 3-6 months of emergency funds (00:02:36)
4. Why is an emergency fund important? (00:03:43)
5. Where do I put my emergency funds? (00:05:07)
6. What is a high yield savings account? (00:05:53)
7. How to build an emergency fund (00:06:12)
8. How to break down a budget (00:07:45)
9. Closing statements (00:14:06)
11 afleveringen