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Do you have an emergency fund?

Posted by Phil Anderson on May 17, 2021 at 11:58am in Promotions & Services

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Worryingly (according to AEGON), more than a third (36%) of people in the UK have no emergency savings, and 29% have less than a month’s worth of income saved. What’s more, those with emergency savings only have enough to live without an income for just over 4 months (or 18 weeks) on average.
 
On The Personal Finance Show with Phil Anderson podcast this week we look at why it is a good idea to have an emergency fund.
 
You can listen to this weeks show here - Episode 36 - Emergency Funds
 
#PersonalFinance #FinancialPlanning
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Tags: money, financial planning, wealth management, rainy day monies, emergency fund, financial, money matters
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  • John Mellis May 17, 2021 at 12:29pm

    I got in a sweat recording this. I now have an emergency fund! Thankfully, I haven't needed to access it yet, but the peace of mind from knowing it's there if I have to - priceless!

  • Andrew Smith May 17, 2021 at 12:13pm

    Good one Phil. Some worrying stats there

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