America Saves Week: Best Practices for Establishing Your Emergency Fund
Join our #CreditChat on
Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m ET. This week, Experian supported America Saves Week with a special #CreditChat about why you should have a rainy day fund, and how you build it.
This panel included: Family and Consumer Sciences Extension Program Coordinator at the University of Florida and the campaign leader for Florida Saves; Taylor Spangler: Business Development Officer at Brian Posten: Air Force Federal Credit Union; Personal Finance Freelance Writer Shannon McNay: ; Rod Griffin: Director of Public Education at Experian; and Social Media Specialist at Experian. Christina Roman:
We also featured financial tips all week on Snapchat.
. Moments from our Tweet chat Question We Discussed:
Q1: What is an emergency fund and why should you have one?
Q2: How is an emergency fund different than a savings account?
Q3: How much money should you aim to have in an emergency fund?
Q4: What are best practices for building an emergency fund?
Q5: Where should you keep your emergency fund?
Q6: What are your top tips for boosting an emergency fund?
Q7: What are barriers that keep people from saving their money?
Q8: Can you build an emergency fund while paying off debt?
Q9: What are some common mistakes people make when trying to build an emergency fund?
Q10: Any final tips for someone interested in building their emergency fund?
If you’ve never heard about #CreditChat, here is a brief overview:
VIDEO Relevant chats on YouTube: