Essentials for Budget Flexibility: Building Your Emergency Fund
Posted On: February 1, 2024 by CSE Federal Credit Union in: Budgeting, Education
Essentials for Budget Flexibility: Building Your Emergency Fund
One of the key pillars to financial success is having an emergency fund in place. In this blog post, we'll explore the essentials of emergency funds and why every household should prioritize building one.
Think of your budget as a well-constructed house, with each expense and financial goal meticulously planned and laid out like the framework and walls. Now, imagine your emergency fund as the...
Emergency Fund with Banzai Coach
Posted On: January 20, 2021 by CSE Federal Credit Union in: Budgeting, Education
If 2020 taught us anything, it was to maintain an emergency fund, ready for when we need it most. An emergency fund is an amount of money set aside to cover unforeseen expenses, or, the extra money that is set back to cover basic expenses when there are drastic changes to your income. Emergency funds can be used for small emergencies or extreme emergencies. How much a person needs in an emergency fund is unique and varies based on personal circumstances. Common reasons that...
