Surefire Ways to Boost Your Emergency Fund


Join our weekly #CreditChat on Twitter, Periscope, Snapchat & YouTube Live every Wednesday at 3 p.m. ET. This week, we discussed ways we can build a solid emergency fund.

Our featured guest on Twitter: Leslie H. Tayne, Esq: Founder of Tayne Law Group, Speaker, Best Selling Author of Life & Debt: A Fresh Approach to Achieving Financial Wellness;

The video panel included: Cameron Huddleston: Personal Finance Expert & Award-Winning Journalist at Go Banking Rates; Amy Maliga: Take Charge America;  Rod Griffin– Director of Public Education at Experian and Mike Delgado– Social Media Community Manager at Experian.

Do you have an emergency fund? How did you build it up.
Wave back at us on Anchor.fm:

Resources

6 Lessons I Learned From Being Broke

Why You Need a Spending Plan – Not a Budget

20 Hidden Sources of Income Lying Around Your House

15 Everyday Things That Empty Your Wallet

10 Ways to Cut $500 Off Your Monthly Bills

Questions We Discussed:

    • Q1: What is an emergency fund? And why is it important?
    • Q2: How does having an emergency fund help reduce stress/anxiety?
    • Q3: How much money should someone have in an emergency fund?
    • Q4: What are practical ways to build up an emergency fund?
    • Q5: What savings tips do you have for those of us living paycheck-to-paycheck?
    • Q6: How do you deal with temptations to spend your emergency fund on wants?
    • Q7: What are ways to track spending/savings throughout the month to keep you on track?
    • Q8: What are some ways to automate savings?
    • Q9: What are other ways to create some money-saving habits?
    • Q10: Any final tips for those of us building a bigger emergency fund?

View the entire discussion via Storify

View highlights from this chat on SlideShare:

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Resources:

Studies Show Your Financial Health Could Be A Good Indicator Of Your Mental Health via Forbes

Personal Resiliency Assessment Quiz via Rutgers

Why You Need an Emergency Fund via Just One Pay

9 ways to build your emergency fund via Kasasa

Hands-free personal finances: How to automate your money management via Kasasa

Spending Plan Worksheet via Rutgers

PowerWallet.com

JustOnePay.com

How to Save Money Consistently and Effectively via Consolidated Credit

Financial Goal-Setting Worksheet via Rutgers

Emergency Funds: A Small Step Toward Financial Security via Rutgers

5 Keys to Building Wealth in Your 20s via Kiplinger

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