There’s a saying in the world of finance: Expect the unexpected! With that in mind, today I’m going to dive into the intricacies of building an effective emergency fund – one that should be used only during times of true need.
A real emergency fund should evolve alongside your net worth and any financial changes you experience. So what are your options here? Is an online savings account a good idea? How much should you keep in that fund? And how do you adjust this amount as your financial situation changes over the years?
If you’ve never thought much about having an account set aside for the “unexpected” (and even if you have), it’s time to get the facts. Tune into today’s episode of CAPitalize Your Finances and learn all about it!
Important Information:
Christopher A. Panagiotu is a registered representative with, and securities offered through LPL Financial, Member FINRA/SIPC. The opinions voiced in this show (program; podcast) are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. LPL ART-574636 (05/24)