In this episode of The Australian Finance Podcast, Kate Campbell and Owen Rask discuss the importance of having a financial emergency fund, how to build one and when to use it.
Episode transcript: click here
About this episode:
This episode of The Australian Finance Podcast is part of our starter pack series, where we share money stuff that changes your life!
In this conversation, Kate & Owen dive into emergency funds and why they’re so damn important. We’re passionate about this and encourage you not to skip this episode, because foundations are very important on your long-term journey to financial freedom.
We’re going to talk about how you can create your own emergency fund, how much you need, where to keep it and why this is an essential step prior to investing. Fondly known as a F-Off fund, this is what’s going to help you sleep soundly at night, regardless of what life (and the market) throws at you.
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Resources:
- Building your emergency fund: a step-by-step guide
- 5 reasons not to invest your money (and what to do instead)
- Save for an emergency fund – Moneysmart.gov.au
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