EP. 21 Everything You Need To Know About Emergency Funds

A Sunny Side Up Life Podcast

“Who in their right mind has $1,000 just sitting in a savings account!?” That’s what I thought when I first started Baby Step 1– back in the Dave Ramsey days– when I had $0 in savings.

Fast forward to today: I’m bringing you this episode all about emergency funds and why you probably need more than $1k. And good news… I have $20k in savings now.

Let me educate you all about why you need an emergency fund to begin with, how much to keep in it (hint: it’s personal to you and your situation), where the heck to keep it, and more!

In this episode, you’ll learn more about:

• How much you should have in your emergency fund
• Hoarding cash in an emergency fund + breaking scarcity mindsets
• The importance of having a sufficient emergency fund for your lifestyle
• What to do if you feel guilt around spending your emergency fund money – even when it’s actually an emergency + more

MENTIONED IN THE EPISODE:

• The Fed - Dealing with Unexpected ExpensesFederal Reserve Board
• Ally HYSA
• WHAT FINANCIAL TRAUMA IS, SIGNS YOU MAY BE EXPERIENCING IT + HOW TO RECOVER FROM PAST MONEY WOUNDS

PAST EPISODES YOU’LL ENJOY:

• WHAT FINANCIAL TRAUMA IS, SIGNS YOU MAY BE EXPERIENCING IT + HOW TO RECOVER FROM PAST MONEY WOUNDS
• 5 MONEY CHOICES THAT HAVE CHANGED MY LIFE
• WHAT TO DO ON PAYDAY

ASSUL RESOURCES:

• 1:1 Coaching With Sami: Apply today
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SHOW INFORMATION:

A Sunny Side Up Life Podcast is a show for women who are ready to live an abundant life full of freedom + positivity. Sami Womack, nationally recognized money expert and finance coach guides listeners toward breaking free from survival mode, gaining financial freedom, staying motivated, and focusing on what matters most.

Learn more at: https://www.asunnysideuplife.com

HOST BIO:

Sami Womack is the brains behind A Sunny Side Up Life. Her weekly podcast has been downloaded over 250,000 times, and her story has been featured on YNAB, Debt.com, The Purpose Show with Allie Casazza, and The His & Her Money Show. When she’s not downing caramel coffee or homeschooling her daughters, she’s creating content, collaborating with finance/minimalist organizations, and inspiring women all over the world to live an intentional life.

She began this journey with her high school sweetheart, Daniel, and a debt price tag of $490,000. They both took control of their family’s finances by downsizing, budgeting, and changing habits. From this experience, A Sunny Side Up Life was born.

Today, Sami owns this business helping women get through dark times and experience the life-altering magic of intentional living.

DISCLAIMER(S):

This show may contain affiliate links or links from our advertisers where I earn a commission or direct payment.

Opinions are the creators alone.

Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.

CREDITS:

• Podcast production: Weir Digital Marketing
• Research: Sami Womack + Vee Weir
• Editing: Joseph Bogumill