Jack McGrath’s Post

Emergency funds are one of my "Four Financial Foundations" for protecting yourself when things go wrong. I was grateful for the opportunity to share with Bankrate. This is one of the first items I look at with clients and it is also one of the least fun to make progress on (right up there with paying insurance premiums) because it is just sitting there and not actively "working for you." But when you have an emergency fund you create breathing room for the certainty of uncertainty. You can't guess when the next unexpected expense will arise, but an emergency fund allows you to be prepared for them and continue making progress. #emergencyfund #boringbutimportantthings

Who benefits from having an insurance/investment plan? 1) The policy holder benefits in the sense that he has access to upto 40% on his annual deposit, such that his funds grow over the years. For instance he starts with 1 million, annually, over the years he would have grown His funds geometrically. This gives a sense of fulfillment knowing you have something to fall back on 2) The beneficiaries benefit also, in the case of any eventuality, your beneficiaries are assured of not having to start depending on relative and friends for financial help And support. They can start building on what you started for them. Dm to start yours today. #yourinsuranceplug #Jesussaves

You need to fire your fianancial advisor if he or she is telling you to invest money without an emergency fund equal to 15-30 months of living expenses. It is not a good idea to invest capital without an emergency fund. The point of investing is to leave your money invested for growth. You’ll end up selling or liquidating investments to cover emergency expenses without an emergency fund. That beats the whole purpose of investing… You should have 2 emergency funds. One for short term needs (emergencies within 1 year) and one for long term needs. Emergency funds are critical. It is your insurance policy against future unforeseen expenditures. Your investments won’t grow if you sell them.

Struggling to build your emergency fund? DigiMoney Finance has your back! We'll share our top savings tips for rainy days AND how a personal loan can bridge the gap when you need it most. Gorav Gupta | Girinath Davey | Boobalan Madhavan #DigiMoneyFinance #EmergencyFund #SavingsTips #PersonalLoan

Having an emergency fund for unplanned expenses can save you from a bad situation. Here's how to create and prioritize one. Let me know if you'd like to discuss.

💡 Quick Financial Tip: Build Your Safety Net with an Emergency Fund 💰 A mantra in personal finance is “pay yourself first,” which means saving money for emergencies and your future. It’s smart to have a plan in place should an emergency arise. Car accidents, a chipped tooth and a leaky roof are just some surprises life might throw at you. To create an emergency or rainy day fund, set aside a portion of your income in a savings account that you won’t be tempted to touch and am to save three to nine months' worth of expenses. By preparing for the unexpected, you'll be better equipped to handle any curveballs life throws your way 💪 finito.com.au #FinancialGuidance #FinancialWellness #FinitoHub #FinancialFreedom #SmartMoney #Finito #FinancialLiteracy #FinancialEmpowerment #MoneyMatters #FinancialSuccess #PersonalisedFinance #EmergencyFund #FinancialPlanning #PrepareForTheUnexpected

Having an emergency fund for unplanned expenses can save you from a bad situation. Read this article below to learn about creating and prioritizing one. As always, feel free to reach out if you'd like help getting started.

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🌟 Start with setting clear goals! 💼 Create a budget and find ways to boost your income while trimming down those extra expenses. Don’t forget to build an emergency fund for unexpected situations. Safeguard your family’s tomorrow with the right insurance plan. Need guidance? We’re here to help you at every step! 🤗 Your partner in smart saving and investing! 🏦💰 #FinancialFreedom #SmartSaving #InvestInYourFuture #MeriSIPGoalWali #LIPL

Whether it's losing a job suddenly or experiencing the aftermath of severe storm damage, setting up an emergency fund for the unexpected is extremely beneficial during the toughest of times. "Serving as a financial cushion, an emergency fund helps you breathe easier, knowing you can handle life’s curveballs without going under. It also reduces the need to rely on high-interest credit cards or costly personal loans to pay for sudden expenses." We found this article on emergency funds very insightful! Below, please share tips you've found helpful when financially preparing for the unexpected! #Save4LaterIowa #FinancialPlanning #Iowa #EmergencyFunds