This is a rerun of episode #237 that teaches us the importance of an emergency fund.
One of the primary tenants of good financial management is having emergency savings in case something were to occur in your life that was unforeseen. One of the biggest gripes about this emergency fund money is that the money declines in value if it just sits in the bank. This may be the case, but when it comes to money that you may need to get your hands on at any time, there is no better place for your money to be than somewhere predictable and reliable. Today, we will discuss:
1. The impact inflation has on savings and how to combat it
2. Why you need an emergency fund
3. Places you should not put your emergency fund
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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in for more personal finance concepts. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)