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

⁠Grab Our Signature Budget Template Now!⁠ 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 4 Ways To Connect With Us: 1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall  2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook  3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget  4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching  "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.  Click here to view our privacy policy. This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase!