There’s a saying in the world of finance: Expect the unexpected! With that in mind, today I’m going to dive into the intricacies of building an effective emergency fund – one that should be used only during times of true need.

A real emergency fund should evolve alongside your net worth and any financial changes you experience. So what are your options here? Is an online savings account a good idea? How much should you keep in that fund? And how do you adjust this amount as your financial situation changes over the years?

If you’ve never thought much about having an account set aside for the “unexpected” (and even if you have), it's time to get the facts. Tune into today’s episode of CAPitalize Your Finances and learn all about it!