1287: How to Prepare for the Next Financial Crisis by Kumiko of The Budget Mom on Emergency Funds & Preparedness

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

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🗓️ 17 September 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kumiko of The Budget Mom helps us insure we're prepared for the next financial crisis. Episode 1287: How to Prepare for the Next Financial Crisis by Kumiko of The Budget Mom on Emergency Funds & Preparedness Kumiko went from having a pile of credit card debt to becoming a successful budgeter and Accredited Financial Counselor. The Budget Mom exists to empower women to build a life they love on a budget they understand and can afford. The original post is located here: https://www.thebudgetmom.com/how-to-prepare-for-the-next-financial-crisis/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal Finance Daily, episode 1287, how to prepare for the next financial crisis by
0:06.7	Camico of the Budget Mom.com.
0:09.7	And I'm Dan, I am your host and narrator on the podcast, bringing you some of the best blogs on personal
0:15.1	finance in audio form.
0:16.7	And we've got five other shows that cover different topics but with this very same format.
0:21.3	And you can come check them all out by searching for optimal living
0:24.7	daily wherever you're hearing me right now.
0:27.5	But since you are here for some financial wisdom, let's get right to the post as we
0:31.3	start optimizing your life.
0:34.0	How to prepare for the next financial crisis by Camico of the Budget Mom.com.
0:43.0	As the coronavirus continues to wreak havoc on people's budgets, income, financial stability, and the economy,
0:50.0	many people are forced to look at their finances with new eyes.
0:53.4	The truth is, the odds of another financial crisis in your personal life is inevitable.
0:58.4	Negative financial events such as a job loss, an illness, or a car accident
1:03.2	can leave us feeling hopeless and stressed.
1:05.9	Learn how to turn a personal financial crisis
1:08.1	into a temporary setback that you can overcome.
1:11.2	The chances of something happening that is beyond your control is high and it could be expensive.
1:16.0	Learn what you can do now to prepare your finances.
1:19.0	Increase your liquid savings.
1:22.0	When you spend less than you make you need to do something
1:24.7	with that money. One of the best things you can do is to create an emergency fund or
	...

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