How To INVEST EMERGENCY FUND In 2022 (5 Best Places)

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How To INVEST EMERGENCY FUND In 2022 (5 Best Places)

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EMERGENCY FUND: How To INVEST Emergency Fund Money In 2022 (5 Best Places) that are easy access, low risk, and offer decent returns 😀. Learn to Take Control of your finances and Grow Your Money in 2022 thehumblepenny...
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MARY:
I'm married to Ken and we have two boys aged 6 and 4. I'm a Londoner, born in Hackney! :)
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I'm a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I've spent the last 20 years on a steep journey of Personal Development.
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0:00 - Intro
1:29 - How Much of An Emergency Fund Should You Have?
2:07 - Should You Invest Your Emergency Fund?
4:42 - 5 Places To Invest Your Emergency Fund
5:03 - 1: Premium Bonds
8:06 - 2: Regular Savings Accounts
10:20 - 3: Globally Diversified Index Funds
14:18 - 4: Cash ISA
16:26 - 5: Easy Access Savings Account
17:32 - Conclusion
★★ About this video ★★
How To INVEST EMERGENCY FUND In 2022 (5 Best Places)
Massive thanks for watching and following our channel :) ♥
Best, Mary and Ken Okoroafor
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#investing #investingmoney #emergencyfund

Пікірлер: 51

@TheHumblePenny 2 жыл бұрын

Guys, where do you currently keep or invest your Emergency Fund? Comment below and let us know 😊

@aretha6360 2 жыл бұрын

Investing your emergency fund into an ETF, even a well diversified Global Index ETF, is risky because the markets could crash and you would have less money than what you put in when you really need it. It depends on your risk tolerance. However, it makes sense if you want to possibly beat the rate of inflation over the long term. If you do choose this option I recommend you do it under a Stocks & Shares ISA wrapper with low fees to avoid paying tax on profits.

@TheHumblePenny 2 жыл бұрын

Great point.

@ChiomaIkejiofor 2 жыл бұрын

I do NS&I...glad it made number one on your list. "Na to win I dey hope"😁 Nice video

@TheWellnessAbbey 2 жыл бұрын

lol

@TheHumblePenny 2 жыл бұрын

Hahaha 😆

@ChiomaIkejiofor 2 жыл бұрын

@@TheHumblePenny that is the only hope for someone that wants to win the lottery but has never bought a ticket...lol Maybe you should do a video about lotteries (that's if you havent) as I'm so sceptical about it.

@inesvero9511 2 жыл бұрын

Great video guys as always. my emergency fund is split into an easy access savings account 1.2% rate and the other half is held in a stock an share ISA, in a corporate and government bond fund.

@TheHumblePenny 2 жыл бұрын

Thanks for sharing 👍🏽

@rajshu6408 2 жыл бұрын

Thankyou for your honest advice.

@TheHumblePenny 2 жыл бұрын

You're most welcome 😊

@marylynebille.m9333 2 жыл бұрын

Thank you! Awesome guys

@mohmda4449 2 жыл бұрын

Consider an offset mortgage if you are about to remortage. Your saving policy will help you payoff the mortgage a little better and also be accessible within a few days if ever needed.

@shashankthiagarajan 2 жыл бұрын

Thanks for this one Ken and Mary. A quick question, how do you invest and spread out your emergency fund?

@sgist7824 2 жыл бұрын

Our emergency fund is in our offset mortgage, 1.69%, guaranteed return of around £35 per month that way

@pathwayuk 2 жыл бұрын

Thank you for this video, it was needed.

@TheHumblePenny 2 жыл бұрын

Awesome 😊. Do please share with others

@bettyslowwastelife9731 2 жыл бұрын

We have a 1,000 each in a instant saver which is available for things like broken household items or car. For the things that could go wrong. Then we have 6 months worth of wages invested in the stock market in vanguard. Interest rates are so low right now we wanted somewhere to put our money where it would actually do something. X

@TheHumblePenny 2 жыл бұрын

This makes sense 😊

@sbusisiwetshabalala7389 2 жыл бұрын

Thank you for this, I have been looking for this guidance for a while now.

@TheHumblePenny 2 жыл бұрын

You're most welcome 😊

@angelintgaming 2 жыл бұрын

Well done guys. This is a very relevant topic for the times we're in right now

@TheHumblePenny 2 жыл бұрын

😊🙏🏾

@mikeroyce8926 2 жыл бұрын

Thank you for this video. My emergency fund is in an instant access savings account. I had planned to move all of it apart from 2 months expenditure into premium bonds, but I've done nothing about it. Hopefully your video will prompt me to follow through on my plans!

@TheHumblePenny 2 жыл бұрын

Keep us posted, Mike :)

@natashamartin5851 2 жыл бұрын

Another great video Ken and Mary 😊. You guys are so natural and present your points so clearly. Lovely to watch, thanks for sharing

@TheHumblePenny 2 жыл бұрын

Aww thanks a lot, Natasha 😊. We're getting better the more videos we create. We still mess up though but it's getting better.

@elaibesummers906 2 жыл бұрын

Great video guys. Last year my emergency fund was in a high yield investment account early last year. When I lost my temporary job during the pandemic, I luckily had enough money to take it easy until I felt ready to go back to work. Now I am in the process of building it up again.

@TheHumblePenny 2 жыл бұрын

Thanks for sharing this, Elaibe 😀

@samtetteh6002 2 жыл бұрын

What account and with what company?

@nanakwasi9360 2 ай бұрын

Like always I take something from your videos thank you so much guys for all your insight and for helping ordinary people make sense of how we can invest our money and get something back. Hopefully appreciate your contribution to society.

@TheHumblePenny 2 ай бұрын

Much appreciated message 🙏🏾. Do share with others

@StupidIsTheNorm 2 жыл бұрын

Great video as usual guys

@TheHumblePenny 2 жыл бұрын

Thank you 😊

@rishibhaskara7238 2 жыл бұрын

Great video guys! Right now, my money is just sitting in a very ordinary bank account, or my business account. Once my refinance money comes in, I’ll be using most of it to invest in another property. In my business account, my golden rule is to keep £1000 per rental property to cover unforeseen expenses e.g. boiler breakdowns. In my personal account, I aim to keep about £5000, which is roughly 2 months savings. Looks like I need to a) increase this amount and b) put it somewhere more cash-efficient!!

@TheHumblePenny 2 жыл бұрын

Cheers, Rishi! Keep us posted on what you decide to to :)

@counteldamar5135 2 жыл бұрын

Hi THP, Happy New Year I have a request is there any chance of a we video simply explaining 'Fed Tapering 'and how that may affect stock market investments in 2022, and historically that may influence your investing options. And what it could mean for interest rates. Basically, I'm asking for a video (if you haven't already did one?) explaining economic cycles, explained simple and what to invest or perhaps save in times of tapering. I'm sure many people would appreciate it! For example last year my friend invested in a VANGUARD S&P 500 ETF with the announcement in media of Fed Tapering, and knock on effect of Omicron Impact. Would he be better removing his money from all ETF's this year and holding or investing it elsewhere with objective being to accumalte the most interest with the least risk, possible? Many thanks!

@TheWellnessAbbey 2 жыл бұрын

Mine is in premium bonds 😊

@TheHumblePenny 2 жыл бұрын

Great! :)

@vh1775 2 жыл бұрын

Good idea

@murkzmontana 2 жыл бұрын

I’ve put my emergency fund into inflation linked bonds what do you think?

@osasero1 2 жыл бұрын

Please sir/ma do you still invest in stocks using the Etoro platform?

@vh1775 2 жыл бұрын

If your mortgage was at 5.14% would you build up an emergency fund ORRR try to lower your LTV and remortgage and get a lower rate which would save you £300 a month ???

@TheHumblePenny 2 жыл бұрын

Do you expect costly emergencies to happen in your life?

@adejuwonodugbesi3102 2 жыл бұрын

@@TheHumblePenny No one expects i would imagine... tough to know.

@parmdeep1 2 жыл бұрын

In my bank account at .3%!

@aretha6360 2 жыл бұрын

The Natwest savings account you mentioned has a 3% interest rate but you can only put a maximum of £50 into it per month for one year. Off the top of my head that's about £40 profit by the end of the year.

@yarrumblob 2 жыл бұрын

You would earn a whopping £9 interest.

@aretha6360 2 жыл бұрын

@@yarrumblob yes you are correct, sorry my bad. It's only £9.88 interest.