329 - When the Emergency Fund's Gathering Dust, and Why
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 11 June 2018
⏱️ 9 minutes
🧾️ Download transcript
Summary
The emergency fund that's gathering dust.
Transcript
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| 0:00.0 | Hey everyone be on the lookout for episode one of a new |
| 0:04.8 | Wineab podcast series debt stories real people beating debt and winning |
| 0:09.4 | financially I am super excited to get this out there. |
| 0:12.6 | Each episode features the story of real people |
| 0:15.5 | overcoming obstacles both large and small |
| 0:18.1 | to get rid of their debt so their money can start doing what they really want it to do. This Thursday we released |
| 0:24.8 | Angela's that story. Peter and I got married really young. We were still in |
| 0:28.6 | university when we got married and we actually made some pretty smart |
| 0:32.3 | decisions when we first got married. We didn't pay a lot for our wedding. |
| 0:35.0 | No big deal. This is a story we have heard before. |
| 0:38.0 | And then we decided about two years later to build a house, |
| 0:42.0 | which we thought would be cheaper in the long run, and it wasn't. |
| 0:49.1 | They also bought a car, which of course meant a car loan. It was a pink Toyota Tursel. |
| 0:55.0 | Toss in a coffee shop habit and her family was in deep. |
| 0:58.5 | We got to $85,000 in consumer that outside of our mortgage. Tune in to find out how they turned things around. |
| 1:05.0 | I'm telling you, like why not saved our life? Hello, whinebbers. My name is Jesse Meekham and this is podcast number 329 for |
| 1:24.9 | whinab, where we teach you four rules to help you stop living paycheck to paycheck, |
| 1:28.0 | get out of debt, and save more money. What happens when the money you are saving is never used. |
| 1:34.0 | And I'm talking about the emergency fund. |
| 1:36.0 | For some of you, your emergency fund is sitting in your checking account. |
| 1:39.0 | That's where mine was, up until a few months ago. |
| 1:43.4 | Or maybe it's sitting in an online savings account. |
... |
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