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The Emergency Fund

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Archived series ("Inactive feed" status)

When? This feed was archived on January 21, 2019 03:25 (5+ y ago). Last successful fetch was on November 17, 2018 12:23 (6y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 155830750 series 181291
Content provided by Miles Weekly Personal Finance Podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Miles Weekly Personal Finance Podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

What’s The Truth About an Emergency Fund, Other Than The Fact That You Need One?

Typical standard advice is to have an emergency fund of 3 – 6 months worth of expenses in the case of an emergency, which depending, seems to be at least a monthly occurrence for many. This episode talks to the advice of nearly a year worth of household expenses sitting in an account just waiting for an emergency to happen. That would be great! Now, here’s a piece of everyday reality pie… if most people aren’t saving enough for retirement, people have a hard time following advice on how to just LIVE into retirement healthy, people don’t get their car oil changed until it’s literally turned into ink and finally, a high number of people are living paycheck to paycheck. All that being said, guess what? A lot of folks don’t have 3 – 6 months of emergency savings.

All hope isn’t lost though, folks are devising ways to make it in case of emergency. And as much as the finance gurus warn against it, a good number of those people rely on their retirement fund or anything else they can reach for. Friends and family support systems and even the family car may have to go if things get tight before you get your money right.

-Miles

  continue reading

73 episodes

Artwork
iconShare
 

Archived series ("Inactive feed" status)

When? This feed was archived on January 21, 2019 03:25 (5+ y ago). Last successful fetch was on November 17, 2018 12:23 (6y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 155830750 series 181291
Content provided by Miles Weekly Personal Finance Podcast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Miles Weekly Personal Finance Podcast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

What’s The Truth About an Emergency Fund, Other Than The Fact That You Need One?

Typical standard advice is to have an emergency fund of 3 – 6 months worth of expenses in the case of an emergency, which depending, seems to be at least a monthly occurrence for many. This episode talks to the advice of nearly a year worth of household expenses sitting in an account just waiting for an emergency to happen. That would be great! Now, here’s a piece of everyday reality pie… if most people aren’t saving enough for retirement, people have a hard time following advice on how to just LIVE into retirement healthy, people don’t get their car oil changed until it’s literally turned into ink and finally, a high number of people are living paycheck to paycheck. All that being said, guess what? A lot of folks don’t have 3 – 6 months of emergency savings.

All hope isn’t lost though, folks are devising ways to make it in case of emergency. And as much as the finance gurus warn against it, a good number of those people rely on their retirement fund or anything else they can reach for. Friends and family support systems and even the family car may have to go if things get tight before you get your money right.

-Miles

  continue reading

73 episodes

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