BUILD YOUR EMERGENCY FUND FAST! How To Save For Your Emergency Fund

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Veronia Spaine

Veronia Spaine

Күн бұрын

Learn how to build your emergency fund, you will know exactly what to do with your money whilst we are in a Pandemic!
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How you can save money for your emergency fund: • HOW I SAVE OVER 1,000 ...
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In this video I show you how you can save and build your emergency fund! Here I explain what exactly is an emergency fund and why it's important. I also answer the questions about whether you should save for your emergency fund before you pay off debt, where you should store your emergency fund (if you should even invest your emergency fund!); and also whether you should build your emergency before or after you start investing. An emergency fund is essential, and it will help you when you are deciding what to do with your money during a pandemic, or what do with your money when you get paid.
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ABOUT ME
I'm the typical Millennial who previously spent everything she made (though it wasn't much), but decided to pursue financial freedom - something the schools should've taught us!
I believe everyone has the capability to be financially free, whether you're an Entrepreneur or an Employee. My goal is to help you realise that you can achieve anything you put your mind to!
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DISCLAIMER PT 2: Please note I am not a Financial Advisor or Employment Lawyer. The content presented in this video are personal opinions and for entertainment purposes only. You are responsible for the financial decisions you make!
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Пікірлер: 32
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
Have you got an emergency fund already? Let me know in the comments! P.S. If you want to manage your money better be sure to check out my FREE money management guide which gives you the key steps to start taking control of your finances: bossfinanceacademy.com/money-management-guide
@PhilippeStemberger
@PhilippeStemberger 4 жыл бұрын
I got mine, but quite small for now, probably 3 months, working toward 6 :)
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
Me too! I still think 3 months is quite a big achievement though!
@GrowWithWill
@GrowWithWill 4 жыл бұрын
Yup -- I've got an emergency fund -- the easiest way I've found to build one up is automatic transfers so that you gradually build it up and never "see" the money in your account when it's pay day.
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
100% agree! Then you aren’t tempted to spend it either if you can’t see it 😊
@abisatukm3853
@abisatukm3853 4 жыл бұрын
I’ve started an emergency fund but I’ve had trouble actually adding to it. Your tips seem super helpful, so thank you!
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
Yay glad I could help!
@RedaHarras
@RedaHarras 4 жыл бұрын
Hey Veronia, Great channel! nice to see another small KZfaqr is the same niche! Good luck!
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
Thanks a lot and I totally agree! It’s good we’re getting the word out!
@leo-uw3ph
@leo-uw3ph 4 жыл бұрын
thank you for this video! very useful!! i need to make one :)
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
It’s great having a plan to work towards it! I hope some of the tips helped you 😊
@MoementumFinance
@MoementumFinance 4 жыл бұрын
Hi Veronia, thanks for explaining the importance of emergency funds so clearly using several scenarios. Great job. Keep up your channel 😊
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
Thanks very much and I’m glad you found it useful!
@Luxeaudrey
@Luxeaudrey 4 жыл бұрын
An emergency fund is sooo important!! I mean, especially after the unexpected events of this year. I have one & I picked a high interest account after weeks of research but my IR rate has been decreased so much. Great content! Let’s stay connected
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
Couldn’t agree more!! Well done for building your EF in time as well, it must feel great! Please do stay connected, it’s great to meet likeminded individuals!
@valsmith1231
@valsmith1231 4 жыл бұрын
Haven’t got an EF yet, but I’m working on it!
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
It’s a massive help!
@abduldeen626
@abduldeen626 3 жыл бұрын
Keep it up sis👏
@VeroniaSpaine
@VeroniaSpaine 3 жыл бұрын
Thank you!
@ItsMissAnu
@ItsMissAnu 3 жыл бұрын
Such an informative video, love it. My girl came for my throat with the ‘do you really need it’ - yikes 😅🤦🏽‍♀️
@VeroniaSpaine
@VeroniaSpaine 3 жыл бұрын
Haha yes you do!! Thanks a lot for watching Anu!
@kuri7262
@kuri7262 4 жыл бұрын
Got to start on my EF account 😅 I always felt anxious when unexpected payments come up !
@VeroniaSpaine
@VeroniaSpaine 4 жыл бұрын
This was literally me before! Honestly the relief you have once you build it is amazing trust me!
@kamrai880
@kamrai880 3 жыл бұрын
Great video and insightful!
@VeroniaSpaine
@VeroniaSpaine 3 жыл бұрын
Thanks Kam glad you enjoyed it!
@c4411
@c4411 3 жыл бұрын
What do you thing to income protection insurance?
@VeroniaSpaine
@VeroniaSpaine 3 жыл бұрын
It will definitely depend on your circumstances as for some it will be really useful but for others they might not need it! I would probably seek advice to see if it’s worth it for you!
@c4411
@c4411 3 жыл бұрын
@@VeroniaSpaine I have it already 😎. But I just wanted to see you thoughts on it. I taken it out when I got my mortgage, but I am still looking to have emergency fund just in case. 👊🏽
@VeroniaSpaine
@VeroniaSpaine 3 жыл бұрын
Yeah I think you can never be too protected these days tbh!!
@c4411
@c4411 3 жыл бұрын
@@VeroniaSpaine haha totally agree. Keep up the good work 👌🏽👊🏽
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