Show Biz Pod

S1 E14: Saving With Strategy: Emergency Funds, Sinking Funds & More


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In this episode, Carissa and Emma Claire break down how to actually save as a creative & on an inconsistent income. They talk about the difference between emergency funds and sinking funds, how to avoid panic when unexpected costs pop up, and why having a savings plan gives you more freedom to say yes to your creative goals.

WHAT WE TALKED ABOUT:

  • Why saving money isn't just about putting all of your spare change in one ambiguous pot.
  • The difference between emergency funds and sinking funds (and why you need both).
  • How to use “buckets” to stay organized and reduce guilt when it’s time to spend.
  • How much to save, where to keep it, and how to build the habit even with variable income.
  • Creative ways to reduce financial stress and give future-you some breathing room.


LINKS & RESOURCES:

  • Open an HYSA with Ally and receive a $100 bonus: (referral link)
  • Sign up for Acorns and get $5 invested for free: (referral link)
  • Our FREE Budgeting Template
  • Our FREE Resource: 5 Things Creatives Can Do Today To Improve Your Financial Future
  • Book Rec: I Will Teach You to Be Rich by Ramit Sethi


CONNECT WITH US:

  • Instagram: @showbiz.pod
  • TikTok: @showbiz.pod
  • Website: www.showbizpod.com
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Show Biz PodBy Carissa Ferguson & Emma Claire Dykes