The Debt Free Dad Podcast

191. Why People Don't Save For Emergencies & How to Start


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Welcome to episode #191 of the Debt Free Dad Podcast. A recent survey conducted by SecureSave from August of 2023 shows that 63% of workers are unable to pay a $500 emergency expense with cash. The people surveyed said they would turn to friends, family, credit cards or their employer for help. Even 64% of those making $100,000 indicate they are dealing with financial stress. An article from CNBC that featured this survey, indicates that inflation and the fact that covid money is running out may be to blame for these numbers, but is that really the problem? We are going to get into all of this on today's show.

What You'll Learn

  • Many people don't save for emergencies because they fail to create a financial
    plan that includes an emergency fund. Without a clear plan, it's easy to overlook
    the importance of saving for unexpected expenses.
  • Many prioritize short-term spending and immediate gratification over long-term financial security. Discover some strategies to prevent this to start building your ER fund!
  • For some, income, inflation, and debt levels could be to blame. Listen to get
    motivated to tackle your debt and financial stress once and for all.

Resources Mentioned

Get better results with your finances in 30-60 days - GUARANTEED. Watch this video to learn how! - https://www.debtfreedad.com/payoff-debt-in-60-to-90-days 

  • The Totally Awesome Debt Freedom Planner
  • For more help, and a step-by-step process to get started, enroll in Brad's FREE online course, LIFE WITHOUT PAYMENTS.

Free Tools and Downloads at www.debtfreedad.com

Connect With Brad

  • Website - https://www.debtfreedad.com
  • Facebook - https://www.facebook.com/thedebtfreedad
  • Private Facebook Group - https://www.facebook.com/groups/lifewithoutpayments
  • Instagram - https://www.instagram.com/debtfreedad/
  • TikTok - https://www.tiktok.com/@debt_free_dad
  • YouTube -

Support the show

The Totally Awesome Debt Freedom Planner https://www.debtfreedad.com/planner

Connect With Brad

Website- https://www.debtfreedad.com
Facebook - https://www.facebook.com/thedebtfreedad
Private Facebook Group - https://www.facebook.com/groups/debtfreedad
Instagram - https://www.instagram.com/debtfreedad/
TikTok - https://www.tiktok.com/@debt_free_dad
YouTube - https://www.youtube.com/@bradnelson-debtfreedad2751/featured

Thanks For Listening

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The Debt Free Dad PodcastBy Brad Nelson

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