Life’s unexpected moments can bring financial stress, but having an emergency fund can give you the peace of mind you need. We’ll dive into why having an emergency fund is critical and how to build one, even on a tight budget.
What to Expect
Introduction (10 minutes)
- Discuss the role of an emergency fund in financial stability and the peace of mind it provides.
- Ice Breaker: Have you ever had an emergency fund?
Main Topic (45 minutes)
- What is an Emergency Fund?: Defining emergencies and why this fund is critical.
- How Much to Save?: Guidelines for how much to set aside based on income and expenses.
- Where to Keep It: Best accounts for emergency funds (liquid savings, money market).
- Building the Fund: Practical strategies for building an emergency fund, even on a tight budget.
- Maintaining It: When to use your fund and how to replenish it.
Wrap Up (5 minutes)
Emergencies are unpredictable, but your financial stability doesn’t have to be. Whether you’re starting from scratch or looking to strengthen your existing fund, this workshop will give you the tools you need to prepare for the unexpected.
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