Tired of living paycheck to paycheck? Instead, give yourself a safety net by building an emergency fund.

 

In this episode, I interview Cory Mizell about the value of having emergency savings and how you can build it. If you don’t squirrel away nuts for the winter, that leaves you exposed to financial disaster in the event of unplanned expenses or job loss.

 

Cory is a financial advisor at Valued Retirements, a financial advisory firm based in Houston, TX.

 

We touch on:

-What an Emergency Fund is and what purpose its meant to serve

-How rainy day money helps mitigate financial ruin when unplanned expenses come up

-Emergency savings mitigates financial ruin despite adversity

-The amount you ought to target to have in your Emergency Fund and why

-How you can start building emergency savings right away

 

Lastly, you can subscribe to The Post Money Plan podcast here.