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How Your Emergency Fund Can Weather a Recession
Season 1
Episode 45
Published 1 month, 2 weeks ago
Description
In episode 45 of The Emergency Fund Podcast, Lucas and Luna explore how a cash reserve helps during a recession. They reference the 2020 downturn, where households with 3+ months of expenses fared better. They discuss the 2008 crisis and how emergency funds prevented forced selling of investments. They also touch on the 2022 rate hikes and how a fund gives you options. Practical tips: keep 3-6 months of expenses in a high-yield savings account, and avoid touching it for non-emergencies. They end with a reflection on the peace of mind a cushion provides. A listener donation segment is included around the 25% mark.