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Home > FIRE & Chill > 7. Emergency Funds & Short-Term Savings
Podcast: FIRE & Chill
Episode:

7. Emergency Funds & Short-Term Savings
Category: Business
Duration: 00:46:03
Publish Date: 2020-07-27 18:00:00
Description:

In this episode, we discuss the ins and outs of emergency funds and other short-term savings goals like house deposits etc.  How much you need, where to keep it, balancing risk vs reward and more!


During the show, we cover:

  • What is an emergency fund and why do you need one?  (1:09)
  • How much do you need in your emergency fund?  (6:13)
  • The many different types of emergency funds, Pat's approach and how it works in practice  (14:17)
  • Is there any way to optimise this stuff?  (25:01)
  • Saving for a house; where should you keep the money?  (28:42)
  • Dave's approach to emergency funds  (32:07)
  • Listener case study:  "I feel like I've already over-extended on big ticket items, is it still possible to scale back and reach FI?"  (38:57)

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