What should emergency funds be used for? How much should you save? Where should you keep the money?
Emergency funds are important to have in case you’re ever without work. You should be able to live on your emergency fund for a few months to get back on your feet. So, there are a few things you’ll want to take into consideration when planning your emergency fund. For example, how much you currently make and what your current expenses are. The amount will also be affected if you have dependents you pay for.
In this video, we go over what you should take into consideration when saving for your emergency fund. Give it a watch to learn more! If you want more finance and tax tips, subscribe to our channel for weekly videos.
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