PFT #46 - Personal Finance Tip of the Week: How to Manage the Rainy Fund Especially During Rising Inflation

This week’s topic is about managing your rainy day fund especially during the supply chain problem. The rainy day fund is money that is set aside in the budget to account for small, unforeseen expenses.  The amount that you need to put aside is arbitrary. It is based on what you own with items such as a home or a car and even a hobby.  The best way to determine this, is to look at the age or condition of the items that you own and estimate the cash that you may need.  For example, for a refrigerator or a television that is five years old, the odds have increased significantly that a repair is on the horizon. Website   https://www.somethingonmymind.net/ Merchandise https://www.somethingonmymind.net/shop Social Media  https://www.instagram.com/somm.podcast/ https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw https://www.tiktok.com/@somm.podcast?lang=en https://www.facebook.com/somm.podcast https://twitter.com/Somm_podcast