Everything You Need To Know About Emergency Funds

 
 

This post may contain affiliate links. Visit my disclaimer page for more info.

“Who in their right mind has $1,000 just sitting in a savings account!?” That’s what I thought when I first started Baby Step 1– back in the Dave Ramsey days– when I had $0 in savings.

Fast forward to today: I’m bringing you this episode all about emergency funds and why you probably need more than $1k. And good news… I have $20k in savings now.

Let me educate you all about why you need an emergency fund to begin with, how much to keep in it (hint: it’s personal to you and your situation), where the heck to keep it, and more!

In this episode, we chat about:

  • How much you should have in your emergency fund

  • Hoarding cash in an emergency fund + breaking scarcity mindsets

  • The importance of having a sufficient emergency fund for your lifestyle

  • What to do if you feel guilt around spending your emergency fund money – even when it’s actually an emergency + more

MENTIONED IN THE EPISODE:

PAST EPISODES YOU’LL ENJOY:

ASSUL RESOURCES:

SHOW INFORMATION:

A Sunny Side Up Life Podcast is a show for women who are ready to live an abundant life full of freedom + positivity. Sami Womack, nationally recognized money expert and finance coach guides listeners toward breaking free from survival mode, gaining financial freedom, staying motivated, and focusing on what matters most.

CREDITS:

 
 
 

I'D LOVE TO HEAR FROM YOU...

Reviews are everything on iTunes!
Would you take a minute and click here to leave a review?

If you have a question or comment about this episode connect with me over on Facebook or Instagram. 

Listen to every episode...

what kind of support do you need?

WHO IS YOUR PODCAST HOST?

Sami Womack is the brains behind A Sunny Side Up Life. Her weekly podcast has been downloaded over 250,000 times, and her story has been featured on YNAB, Debt.com, The Purpose Show with Allie Casazza, and The His & Her Money Show. When she’s not downing caramel coffee or homeschooling her daughters, she’s creating content, collaborating with finance/minimalist organizations, and inspiring women all over the world to live an intentional life.

She began this journey with her high school sweetheart, Daniel, and a debt price tag of $490,000. They both took control of their family’s finances by downsizing, budgeting, and changing habits. From this experience, A Sunny Side Up Life was born.

Today, Sami owns this business helping women get through dark times and experience the life-altering magic of intentional living.

She offers a jump start into budgeting a FREE 5-Day Challenge + a personalized experience with 1:1 Budget Coaching.

Follow Me For More Money Inspo

Instagram | YouTube | Podcast | Facebook | Pinterest

follow along on Instagram

No lies told. 🥝🍌🥕🍅
🚨NEW EPISODE: 🔟 Tips To Have A Frugal Summer Sami gives listeners easy-to-apply tips on how to have a frugal summer. In this episode, you’ll learn more about: ☀️ The magic of thrifting, garage sales, and buying second hand ☀️ Preparing for
"A Queen is never late; everyone else is simply early." - Queen Clarisse Renaldi, The Princess Diaries👑 I thought it was time for me to hop on this train... and while the "trend" may have passed, this still holds true. At the
𝐖𝐨𝐧𝐝𝐞𝐫𝐢𝐧𝐠 𝐰𝐡𝐞𝐫𝐞 𝐭𝐨 𝐬𝐭𝐚𝐫𝐭 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲? Here are 6️⃣ money areas you can focus on RIGHT NOW! 💪🏻 ☀️Pay debt using a debt payoff plan or prioritizing high interest debt ☀️Learn ab
YOU'RE NOT BAD WITH MONEY 🗣️🗣️🗣️ That's some mean stuff you're saying to yourself, girlfriend. And I am NOT here for it. The truth of the matter is... you're actually not "bad" with money. There are other factors that have caused emot
🚨NEW EPISODE: The Overlap Of Fitness & Finance: Overcoming Shame, Guilt + Judgement With @ChloePuffTraining Chloe Puff, pre and postnatal women’s fitness specialist and Sami’s personal trainer, joins the podcast to discuss how she
These statistics are understandable given the current state of our world. So what can we do about it? We need to be intentional about how we spend our money so we are able to *prioritize* saving money in a high yield savings account How? Try this
Budgeting doesn't have to be complicated. Keep it simple with these 5 categories:⁠ ⁠ • Bills⁠ // Anything with a due date • Spending⁠ // Expenses that vary in amount.⁠ ⁠• Debt⁠ // Anything that you owe to someone else.⁠ ⁠• Sinkin
Don't forget to file those taxes! And if you need an extension, you can request one until October 15th!
🚨NEW EPISODE: 1️⃣1️⃣ Ways To Practice Financial Minimalism You’ve seen “Marie Kondo minimalism” in peoples’ homes… but have you ever heard about financial minimalism? In this episode, Sami explains the benefits of f
Value-based spending is all about prioritizing the things that truly matter and cutting back on the things that don't. Being intentional with our money can help us create a life that's more fulfilling and less cluttered. 🌟 Define your values: Yo
We call this show, "Packed Domicile."

Disclaimers: This show may contain affiliate links or links from our advertisers where we earn a commission or direct payment.
Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Read our full affiliate disclaimer here.

Sami Womack