Скачать или смотреть Building Your Emergency Fund 💰

Summary:

In this video, I dive into the importance of having an emergency fund and how much you should aim to save based on your personal circumstances. I discuss different age groups and job stability factors that influence the amount needed, ranging from $1,000 for younger individuals to up to six months' worth of expenses for families. I also share my own emergency fund breakdown and encourage you to consider your lifestyle when planning your savings. We also discuss the importance of having an emergency fund in a high-yield savings account rather than a traditional bank. Most big banks offer a meager 0.01% APY, while high-yield accounts can earn you around 3.6%. I highlight two options: Ally and a money market account at Fidelity. Please take a moment to reflect on your own emergency fund needs and adjust your savings plan accordingly.

Timecodes:

00:00 Introduction to Emergency Funds
02:30 Personal Emergency Fund Breakdown
07:00 Brick & Mortar Bank APY
08:15 Ally High Yield Savings Account
09:15 Fidelity Money Market Account
10:30 Conclusion

LINKS:

Leigh Emergency Fund Sheet - https://docs.google.com/spreadsheets/...
Ally Online Savings Account - https://www.ally.com/bank/online-savi...
Fidelity Money Market Account - https://fundresearch.fidelity.com/mut...

DISCLAIMER:

I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.