How much money should you put in your emergency fund? Heck, what IS an emergency fund and when do you use it? We cover these topics in this video.
All over the internet it seems to suggest that we should be putting away 3 to 6 months of income for a "rainy day." That much money could add up to a lot of cash sitting in your checking account doing nothing! This video explains the things I've considered when deciding how big my emergency fund should be. It's all about what makes you comfortable and what can cover your expenses in case something breaks down or you can't earn any money for a short while.
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#imseansolo, #rainydayfund, #buildemergencyfund
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