Podcast 064: Rethinking the emergency fund

Podcast 064: Rethinking the emergency fund

In this episode of the Informed Choice Podcast, Martin talks about rethinking the emergency fund.

There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.

Subscribe in iTunes | Click to listen now | Right click to download episode

Podcast 064: Rethinking the emergency fundRethinking the emergency fund

All Financial Planners talk about the importance of a cash emergency fund. This is a pot of cash put aside to cover any financial surprises in your life.

But why is an emergency fund so important? How much do you need to save? Where should you keep it?

In this episode of the Informed Choice Podcast, Martin answers all of these questions and starts to rethink some of the conventional wisdom about emergency funds.

He describes some scenarios where that old rule of thumb to keep the equivalent of three months committed expenditure in cash is far too little.

Right click here and save as to download this episode to your computer

Personal finance news update

-The price of oil has rallied above $35 a barrel, as support from a weaker US dollar offset investor concerns about oversupply in the oil market.

-Average house prices in the UK grew by 9.7 per cent in the year to January, according to the Halifax.

-British pensioners overseas could see their state pension income uprated in the future.

-According to a new report, the largest proportion of happy people in England live in Mid Sussex.

-The charity Age Concern faces an investigation by the Charity Commission, following allegations they promoted unfavourable gas and electricity deals in return for cash.

-Lloyds Banking Group is cutting 1,755 jobs and closing 29 branches in an attempt to save money.

Useful links mentioned in this episode

Remote Emergency Care first aid course

Cranleigh Parish Boundary Challenge

The Charisma Myth: Master the Art of Personal Magnetism by Olivia Fox Cabane

An Afternoon Bassoon Recital: Pedro Merchan Correas

Get answers to your personal finance questions

Do you have a personal finance or investing question for Martin?

Email martin@icfp.co.uk or ask on Twitter @martinbamford.

You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.speakpipe.com/InformedChoicePodcast to leave an online voicemail.

Help us spread the word!

Thank you for listening to this episode of the Informed Choice Podcast. Please use the comments section below to share any feedback you have.

If you enjoyed this episode, please share it by using the social media buttons on this page.

If you enjoy the show, please subscribe in iTunes and write us a review! Reviews really help us stand out from the crowd and reach more listeners.

Subscribe in iTunes | Click to listen now | Right click to download episode

email

Keep reading

Join over 2,500 satisfied subscribers
Get the Informed Choice weekly update email

Straight to your inbox at the end of each week, our weekly update email shares the best of our content from the past seven days, so you don't miss a single thing.

This entry was posted in News, Podcast. Bookmark the permalink.