An emergency fund is your financial shock absorber, but over half of Americans couldn't cover a $1,000 unexpected expense without going into debt. In this episode of The Simple Dollar Podcast, Mike Donovan and Alex Rivera break down everything you need to know about building a proper emergency fund:
- Why emergency funds are the foundation of financial security
- How much you actually need to save based on your personal situation
- The step-by-step process to build your fund (even if you're starting from zero)
- Where to keep your emergency savings for safety and growth
- How to overcome common obstacles to building your fund
Whether you're just beginning your financial journey or looking to strengthen your existing safety net, this episode provides actionable strategies you can implement immediately.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!