Define what your emergency fund is - Deepstash
Define what your emergency fund is

Define what your emergency fund is

Your first step is to figure out what counts as a true emergency. 

Not all emergencies can be predicted, but many can. Car repairs, medical expenses, higher-than-normal bills. Even having a list of things that you can and cannot spend an emergency fund on can help you stay on track and avoid spending it when you shouldn't.

46

222 reads

CURATED FROM

IDEAS CURATED BY

alexis_tt

"Making money is art and working is art and good business is the best art." ~ Andy Warhol

The idea is part of this collection:

Self-Care Ideas

Learn more about moneyandinvestments with this collection

Cultivating self-awareness and self-reflection

Prioritizing and setting boundaries for self-care

Practicing mindfulness and presence

Related collections

Similar ideas to Define what your emergency fund is

Create an Emergency Fund

Create an Emergency Fund

You can't predict an emergency, but you can prepare for one. The best way to do so is to set up an emergency fund of 3-6 months of living expenses.

Common financial emergencies include job loss, natural disasters and car, house and health issues.

Reducing your essentials

Play around with your monthly budget to see where you can reduce your monthly spending:

  • You could contact your internet company to get a discount.
  • You can clip coupons and use rebate apps to spend less on your monthly groceries.
  • You could set aside less for medical ...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates