Okay this might sound weird coming from someone who talks about investing all the time… but I don't invest every dollar I have 😅 And honestly? That's on purpose. Before I put money into the market, I made sure I had an emergency fund first. Basically a chunk of cash sitting in a high-interest savings account that I DON'T touch unless something actually goes wrong. Car repair, job loss, surprise vet bill — whatever life decides to throw 🤷🏻♀️ Here's why it matters so much to me: - I'm never forced to sell my investments at a bad time just to cover a surprise - It keeps me from sliding into high-interest debt when life happens - And honestly, it just lets me sleep better at night A common rule of thumb is 3-6 months of essential expenses, but even starting with a smaller cushion is way better than nothing. For me, the emergency fund isn't "lazy money." It's the thing that lets the rest of my portfolio actually stay invested long term 💛 It's not exciting. There's no chart going up. But it's the foundation everything else sits on 🚀 If you're just starting out, I'd genuinely build this before stressing about which ETF to pick. Not financial advice, always do your own research. Do you have an emergency fund yet, or is it still on your to-do list? 👀
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118 Comments
Twenty-five And Invested@25andinvested · 3mo
Having an emergency fund is diffent then an investing account. Keep them separate and dont look at them the same.
Kevin J@mid_aged_newbie · 3mo
As someone who owns a house that was built 40 years ago and has had to make several repairs to it I cannot stress enough how important an emergency fund is, it certainly made things far less stressful knowing I had the savings available to cover those repairs
InvestieGirlie @growingwealth · 3moEdited
I needed to hear this today to reassure me! Been beating myself up for not starting to invest at 25 years old YET from that age until now, I've been building my emergency funds, actually used some for emergency, took care of my papers (immigrant here!!), moved to a new city, bought a home and now, I have reached my 3 month emergency funds, investment has been consistent and I feel more stable than ever. No regrets. Stability was a priority to me. In the Psychology of Money, the book talks about how people make crazy decisions with their money. What's crazy to you may not be crazy to them though. Got so fed up with a financial advisor "friend" who kept subtly judging my finances - also, because they were looking to have me as a client. Nah. I control my money. No mixing friends and business over here. Anywho. Sure, the best time to invest was probably 10 years ago and the other best time is now. So let's do what we can, what makes sense for us rather than feel guilty because other people (who don't pay our bills or anything btw) have other opinions on our finances.
Joyce @joyce04 · 3mo
Having an emergency fund is something I wish I had before. Now, it’s an essential part of my finances
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