MM No. 11 – Have an Emergency Fund
Right. Now we're getting down to practicalities! Here, I outline the necessity of having an emergency fund, a pot of money which is easily accessible in case something untoward happens, like the boiler blowing up or losing your job. I discuss how to amass this fund, where to keep it, and how big it should be.
Location: Wheal Prosper, Rinsey
[…] and The Frugal Cottage), authors (such as Andrew Craig and Tim Hale), podcasts (such as Meaningful Money and Maven Money) or pretty much any other financial resource (e.g. the Money Advice Service). In […]