Fab | The Budget Academy
Region: US
Saturday 18 April 2026 00:56:14 GMT
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iamjustshakira :
Yes! You have to stay ready. I started my emergency fund in 2017. By 2019 I built it up to a good amount, but then got a new horrible boss who threatened to fire me every chance he got. Immediately started beefing up my emergency fund and job hunting. Unfortunately Covid hit and I lost my job anyway. I told myself I never wanted to be in that position ever again. Thankfully my husband was employed and I collected unemployment. I saved ALL of that money and we lived off his income while others were balling off of that unemployment. I went back to work part time 18 months later and still kept building. Been working full time 3 years now and have a fully funded emergency fund. In this economy, I’m still adding to it bc it’s just too unstable and risky not to.
2026-05-15 10:52:57
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grandmasutras :
Gotta have multiple years saved at this point
2026-06-02 01:24:17
7
Andrea E :
I achieved a year emergency (living expenses) fund and a $10k household fund earlier this year. Currently working on a car replacement fund as well as a fun/vacation fund. Also working on building a 2nd year emergency fund but building it $25-50 a week at a time. Will take awhile but building it.
2026-05-12 02:03:17
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madison :
One year of expenses plus more in case of medical expenses or anything else that can happen to you while you don’t have an income
2026-05-20 03:39:47
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liftwithze :
I just reached 1-year of savings in my HYSA! I finally feel comfortable
2026-05-07 20:54:16
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My Financial Equity :
This reminds me of that video I watched last fall where someone said emergencies never happen. Man I was flabbergasted. Emergency funds are 100% necessary
2026-05-17 23:20:06
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Cee Bee Ayche :
Yes I always say save your money so your money can save you
2026-06-12 00:15:04
4
Tlw :
A full year is my goal for sure.
2026-04-27 16:56:27
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Kiki :
I came across this video for a reason
2026-05-01 04:25:53
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Laurie :
In 2013, I was in a car accident that forced me out of work for 91 days (the maximum my company allowed). I had no disability insurance, so I had to pay out of savings. I was fortunate because I had enough saved to pay all my bills without the stress of “I have to go back to work” or take on debt. Life happens, regardless of how well you plan. I agree it’s better to be prepared for rain, even when it’s sunny…. I’m glad you were able to get through your situation
2026-05-16 19:52:13
1
⋆ 🎀 𝑀𝒾𝓃 🎀 ⋆ :
I know everyone's situation is different and our bills are different but would you mind sharing how much was your emergency fund to get an idea of where I should aim cause I'm kinda clueless 🙈
2026-05-10 15:17:51
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Cheryl Conaway :
I don't have a year emergency fund yet but my home and both vehicles are paid for but im almost there
2026-05-08 11:42:18
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Money Millennial :
I hate that you went through that but I love that you were prepared. I hope all of us watching take care of ourselves and build a safety net.
2026-05-13 15:30:25
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Mayuli :
Very true! I’ve listen to Suze Orman since my teens and she gets such a bad wrap for a 1-2 yr emergency fund and look at how many people used it when COVID hit! Not your case but still the same, thankfully you had $$ saved.
2026-04-20 20:08:14
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taxsaversbestfriend :
That part, making desperate decisions you cant take back. 💕
2026-04-27 20:33:30
2
Anne_ :
This is why I’m so focus on saving now. We must save our money so it can save us hmm.
2026-05-16 18:56:48
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lifechange@60 :
I am not there yet but reaching for it
2026-05-10 20:04:39
2
Girly :
Amazing video
2026-04-25 00:55:27
3
SirenitaNegra :
This was a great post! Thanks for sharing your experience!
2026-04-25 18:50:48
2
tabithastevensonl :
Right 👏👏🤑🤑
2026-04-25 23:16:53
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Fab | The Budget Academy :
Have you ever had to live off your savings? How long did it last?
2026-04-18 01:00:30
0
AM Publishing LLC :
This is a great post on the importance of having an emergency fund. I teach about this to teens in one of my books on Financial Literacy so that they can build good financial habits before they are exposed to bad ones. I also have another book on Career Planning for Teens to walk them through their career choices. This year I want reach as many parents, grandparents, family members, teachers, and mentors of teens to help with Financial Literacy and Career Planning. My goal is to help the next generation not have the struggles we did at that age.
2026-04-27 02:03:39
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MissPachy :
👏👏👏
2026-05-11 19:40:57
1
Alfredo Villegas :
💯💯
2026-05-14 02:36:37
1
rosangelasiqueira501 :
🥰😳😏
2026-04-27 23:19:00
1
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