Cashology by FNBO

Money 101 - Emergency Savings

Episode Summary

Think of me and our guest today as the ambulance driver delivering much-needed tips for that emergency savings fund of yours. This podcast will walk you through some of the basics of building an emergency savings fun. 1. Set a goal and track your progress 2. Open a separate savings account 3. Pay yourself first 4. Take advantage of financial windfalls 5. Sell unused items – Offerup, Ebay, Swaps..whatever it is, use it to get rid of items that may net a little extra change. 6. Increase your earning potential

Episode Notes

Let’s learn a little something about saving today, shall we?

GUEST

Adam Heng. 

TALKING POINTS

• What defines a financial emergency?
• Why is it important to have these funds set aside?
• Is there a ‘magic formula’ for what number is necessary?
• The ‘Extras’

QUOTES

• Do not save what is left after spending, but spend what is left after saving –Warren Buffett
• He who buys what he does not need, steals from himself –Swedish Proverb
• Too many people spend money they haven’t earned, to buy things they don’t want, to impress people that they don’t like. — Will Rogers
• You must gain control over your money or the lack of it will forever control you. — Dave Ramsey
• It’s amazing how fast later comes when you ‘buy now.’ –Milton Berle

Thank you for listening. Don’t forget to subscribe and keep an eye out for more Cashology® coming your way soon. 

SUBSCRIBE: 

Cashology on YouTube: https://www.youtube.com/channel/UCQvLFYVGVatKkqsOolBIhrg/?sub_confirmation=1 

Connect with FNBO: http://www.youtube.com/c/fnbovideos?sub_confirmation=1! 

Cashology Facebook Group: https://www.facebook.com/groups/cashologybyfnbo/ 

Facebook: https://www.facebook.com/fnbo

Twitter: https://www.twitter.com/fnbo 

Learn more: https://www.fnbo.com/insights