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#157 - How much should you save for emergencies?
Discover the importance of saving for emergencies and determine the right amount for you and your family in this engaging episode of the Money Mindset Podcast with Ashley from Budgets Made Easy.
In this episode, Ashley breaks down the factors to consider when establishing your emergency fund, such as job security, upcoming expenses, and other important aspects that influence your savings goals. Join Ashley as she shares practical advice to help you navigate personal finance with confidence.
Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.
I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.
Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.
“If you have never saved anything, set a baseline goal of 500 and then once you hit that, then work toward a larger goal so that you can have a win and that you can hit a milestone quicker and easier so that you can get motivated to keep going, right? Because that is the most important thing is for you to keep going.”
- Ashley Patrick
Timestamps:
00:00 - Introduction and the significance of saving for emergencies
02:59 - Tailoring your emergency fund to your unique situation
04:32 - Factors to consider when deciding how much to save
09:53 - Setting goal milestones
11:53 - Overcoming setbacks and staying motivated on your financial journey
If you would like to sit down with me and discuss what you are struggling with and some steps that you can take to make progress and get over that big struggle, I invite you to sign up for your own Budget Strategy Session episode at budgetsmadeeasy.com/strategy and have a mini coaching session with me.
And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes
Resources and Links Mentioned:
Connect with Ashley:
Instagram: www.instagram.com/budgetsmadeeasy
Sign up for the your ⭐️FREE⭐️ Pass to the 6th Annual Purpose Driven Mom Virtual Summit will give you access to an exclusive portal where you can view each one during the week of June 19-23.
🎟 Just sign up here to get your ticket! 🎟
View all episodes
By Ashley Patrick
4.8
5858 ratings
Discover the importance of saving for emergencies and determine the right amount for you and your family in this engaging episode of the Money Mindset Podcast with Ashley from Budgets Made Easy.
In this episode, Ashley breaks down the factors to consider when establishing your emergency fund, such as job security, upcoming expenses, and other important aspects that influence your savings goals. Join Ashley as she shares practical advice to help you navigate personal finance with confidence.
Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.
I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.
Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.
“If you have never saved anything, set a baseline goal of 500 and then once you hit that, then work toward a larger goal so that you can have a win and that you can hit a milestone quicker and easier so that you can get motivated to keep going, right? Because that is the most important thing is for you to keep going.”
- Ashley Patrick
Timestamps:
00:00 - Introduction and the significance of saving for emergencies
02:59 - Tailoring your emergency fund to your unique situation
04:32 - Factors to consider when deciding how much to save
09:53 - Setting goal milestones
11:53 - Overcoming setbacks and staying motivated on your financial journey
If you would like to sit down with me and discuss what you are struggling with and some steps that you can take to make progress and get over that big struggle, I invite you to sign up for your own Budget Strategy Session episode at budgetsmadeeasy.com/strategy and have a mini coaching session with me.
And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes
Resources and Links Mentioned:
Connect with Ashley:
Instagram: www.instagram.com/budgetsmadeeasy
Sign up for the your ⭐️FREE⭐️ Pass to the 6th Annual Purpose Driven Mom Virtual Summit will give you access to an exclusive portal where you can view each one during the week of June 19-23.
🎟 Just sign up here to get your ticket! 🎟
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