#13: Quick Start Emergency Fund: Step 1 to Financial Success

In this episode, we go back to one of the basics of personal finance planning — creating an emergency fund. The rule of thumb is to have 6-months of your living expenses saved up in a liquid account for emergency spending. But building a full emergency account is not easy, especially if you have debt. That’s why it’s recommended you start with a quick start emergency fund. A quick-start emergency fund is the secret to working on getting out of debt or building a full emergency fund without worrying about unexpected expenses. This episode guides you through the steps of creating a quick start emergency fund, with recommendations for the best budgeting method to use and how to save money from your spending.

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