How Much Should You Be Saving for an Emergency?
Ever wonder how much should you be saving for an emergency fund? If so, then this video is for you!
Surveys of American households show dismal preparation on the part of the many folks who will eventually face unexpected tragedy at the worst possible time. In fact, studies show that 60% of Americans would be unable to afford a $1,000 emergency expense. Couple that with statistics that show that the average medical emergency costs households over $1,000. This is an important red flag that shows a lack of financial preparedness in more than half of American households. We can and should fix this!
Tune in to The Dave Wallace Show as Dave, an experienced banker and realtor lays out an easy-to-follow guide on how to build an emergency fund including how much should.
Watch the full episode at: https://youtu.be/IrDGAdEH0SM
Pro Tip: Murphy's law states that "anything that can go wrong will go wrong." This is especially true financially, as financial troubles typically come in threes. It's important to get prepared by learning how to save for an emergency fund and how much to save in an emergency fund before tragedy strikes in your life. The important thing is not to panic and to focus on what you can control, that is improving your financial position by building a fully-funded emergency fund.
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Have questions? Get in touch: https://www.davewallace.co/emailthedavewallaceshow