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One of the pillars to a solid financial foundation is having money set aside in case of an emergency. No one wants to think that a financial emergency will happen to them, but the unfortunate reality is that it can at any time (and probably at the worst possible time). That’s why it's important to be prepared. We’ve put together two calculators so help narrow down how much you should have set aside and how to effectively save up to meet that goal. This episode breaks down how the calculators work, what the 50/20/20 rules is and the importance of an emergency fund.
Find the calculators at:
https://www.creditdonkey.com/emergency-fund-calculator.html
Financial wellness doesn’t have to be intimidating. CreditDonkey Radio helps you level up your financial health with smart, practical content. Designed to improve your financial literacy for now and the future. For more content like this and for a deeper dive into the topics we cover, make sure to check out www.creditdonkey.com.