21 min listen
107 | Q&A Where Should I Keep My Emergency Fund? How & Where To Keep Your Emergency Fund So It's Accessible, Not Tempting To Use & Making You Money
FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans
107 | Q&A Where Should I Keep My Emergency Fund? How & Where To Keep Your Emergency Fund So It's Accessible, Not Tempting To Use & Making You Money
FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans
ratings:
Length:
24 minutes
Released:
Jul 3, 2023
Format:
Podcast episode
Description
Our Budget Power Hour Workshop is on Presale Now!
Where you keep your savings money is important! Today we have all the tips & tricks about where to keep the money you've set aside for an emergency. Why? It needs to be accessible, but not too accessible, right? And it might as well be earning you a little bit of money!
Why you should separate the emergency fund from everyday accounts to avoid using it for non-emergencies.
How one client used money from the emergency fund to buy sheep. Sheep are not an emergency.
Why you might keep the emergency fund in a different bank to make it harder to access and reduce temptation.
Why a buffer in your savings (not emergency fund) account might be a good idea.
How to access the emergency fund if it's in a different spot.
Why a money market account, which typically offers higher interest rates than regular savings accounts, is a great option for your emergency fund.
How to shop around for banks that offer high-yield savings accounts or money market accounts for their emergency fund.
How investments are different from the emergency fund.
How to make a good decision about using your emergency fund.
Atomic Habits By James Clear
Email us any questions: info@myidealbalance.com
Interested in Coaching? We work 1:1 with clients to do everything we talk about in this show. If you’re interested, click this link to set up a FREE 30 minute free session with us. We’ll chat, get to know one another and see if coaching is a good option for you! There is no obligation whatsoever on this call, but we will give you some quick wins you can implement immediately to level up your money management!
Book a free 30 minute financial coaching session with us!
Visit Our Website
"I love Shana & Vanessa and this podcast is amazing!" <-- If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone.
Click here to view our privacy policy.
*This content contains affiliate link. We may earn a small commission at no additional cost to you.*
---
Send in a voice message: https://podcasters.spotify.com/pod/show/idealbalance/message
Where you keep your savings money is important! Today we have all the tips & tricks about where to keep the money you've set aside for an emergency. Why? It needs to be accessible, but not too accessible, right? And it might as well be earning you a little bit of money!
Why you should separate the emergency fund from everyday accounts to avoid using it for non-emergencies.
How one client used money from the emergency fund to buy sheep. Sheep are not an emergency.
Why you might keep the emergency fund in a different bank to make it harder to access and reduce temptation.
Why a buffer in your savings (not emergency fund) account might be a good idea.
How to access the emergency fund if it's in a different spot.
Why a money market account, which typically offers higher interest rates than regular savings accounts, is a great option for your emergency fund.
How to shop around for banks that offer high-yield savings accounts or money market accounts for their emergency fund.
How investments are different from the emergency fund.
How to make a good decision about using your emergency fund.
Atomic Habits By James Clear
Email us any questions: info@myidealbalance.com
Interested in Coaching? We work 1:1 with clients to do everything we talk about in this show. If you’re interested, click this link to set up a FREE 30 minute free session with us. We’ll chat, get to know one another and see if coaching is a good option for you! There is no obligation whatsoever on this call, but we will give you some quick wins you can implement immediately to level up your money management!
Book a free 30 minute financial coaching session with us!
Visit Our Website
"I love Shana & Vanessa and this podcast is amazing!" <-- If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone.
Click here to view our privacy policy.
*This content contains affiliate link. We may earn a small commission at no additional cost to you.*
---
Send in a voice message: https://podcasters.spotify.com/pod/show/idealbalance/message
Released:
Jul 3, 2023
Format:
Podcast episode
Titles in the series (100)
5. Eating out is ruining your weight loss progress by Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans