107 | Q&A Where Should I Keep My Emergency Fund? How & Where To Keep Your Emergency Fund So It's Accessible, Not Tempting To Use & Making You Money

Snag Our Simplified Budget System! Where you keep your savings money is important! Today we have all the tips & tricks about where to keep the money you've set aside for an emergency. Why? It needs to be accessible, but not too accessible, right? And it might as well be earning you a little bit of money!Why you should separate the emergency fund from everyday accounts to avoid using it for non-emergencies.How one client used money from the emergency fund to buy sheep. Sheep are not an emergency.Why you might keep the emergency fund in a different bank to make it harder to access and reduce temptation.Why a buffer in your savings (not emergency fund) account might be a good idea. How to access the emergency fund if it's in a different spot. Why a money market account, which typically offers higher interest rates than regular savings accounts, is a great option for your emergency fund.How to shop around for banks that offer high-yield savings accounts or money market accounts for their emergency fund.How investments are different from the emergency fund.How to make a good decision about using your emergency fund.Atomic Habits By James Clear Connect With Us: 1️⃣ Facebook Group – Join the community. Our free group is where the real talk happens. Connect with other women who are learning how to budget, save, and finally feel in control, together. ➡︎ budgetbesties.com/facebook 2️⃣ Automate Your Budget Masterclass – Watch it now, no waiting. This FREE on-demand training shows you how to set up a budget that matches your lifestyle, without tracking every dollar or feeling restricted. ➡︎ budgetbesties.com/automate 3️⃣ Budget – Grab our Simplified Budget System! You don’t need another budget, you need a system that does the math, makes the plan, and gives you permission to spend. ➡︎ budgetbesties.com/budget 4️⃣ Private 1-on-1 Coaching – Get a plan and a coach. We’ll build your full budget system together, so you always know what to do and feel confident doing it. ➡︎ budgetbesties.com/coaching 5️⃣ Be on the Podcast – Free coaching, real convo. Come chat with us on the show! Get real-time financial coaching and help other women by sharing your story. ➡︎ budgetbesties.com/livecall "I love Shana & Vanessa and this podcast is amazing!" 👈🏻 If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone.