EP. 179 Everything You Need To Know About Emergency Funds

If you’ve ever asked yourself: “How much should I have in a rainy day fund?”  “Where should I keep my emergency fund?”  “What constitutes an “emergency”?” Today's A Sunny Side Up Life podcast episode is for you! Sami discusses everything you need to know about emergency funds.  Sami also talks about her first emergency fund, If she agrees with Dave Ramsey, the magic of automation, and how to avoid “draining” your savings account.  In this episode, you’ll learn more about: Why you need an emergency fund + how to calculate your emergency fund amount (including taking your circumstances into consideration) The benefits of starting small + growing your emergency fund throughout your financial journey What qualifies as an “emergency,” different factors that can affect your emergency fund, celebrating milestones + more MENTIONED IN THE EPISODE:  https://www.instagram.com/p/CyN5MLFAgkn/  For Fox Sake: How To Handle A Sudden Job Loss RESOURCES: 1:1 Coaching With Sami: Apply today Digital Budgeting System: Budget Template SHOW INFORMATION:  A Sunny Side Up Life Podcast is a show for women ready to live an abundant life, full of freedom + positivity. Sami Womack, nationally recognized money expert and finance coach guides listeners toward breaking free from survival mode, gaining financial freedom, staying motivated, and focusing on what matters most. HOST BIO:  Sami Womack is the founder of A Sunny Side Up Life. Her podcast has been downloaded over 250,000 times, and she has been featured on YNAB, Debt.com, Reader’s Digest, and more.  Sami was nominated for a Plutus Award in 2023 and spends her professional time changing women’s lives through her budget coaching and personal finance education content.  When she’s not downing caramel coffee or homeschooling her three daughters, she’s listening to audiobooks, watching the Astros, or hiking amongst the trees in East Texas. FOLLOW SAMI ONLINE: Instagram Threads Facebook YouTube CREDITS: Brand Logo: Heather Divoky Podcast Support: Weir Digital Marketing