Image for post
Image for post

Covid-19 has upended our lives. It’s revealed how vulnerable we all are, how fragile our lifestyles can be, and how essential it is to have savings. Whether you’ve personally been affected by job loss or salary cuts or financial insecurity, there’s no doubt that the pandemic has emphasised how devastating it can be to suddenly be out of work and out of money.

No wonder then that conversations abound when it comes to the importance of having an emergency fund.

Sometimes known as a rainy-day account, a ‘f*ck off’ fund, or a financial safety net, the emergency fund is ultimately there to give you security in turbulent times. This is also why financial advisors such as Carl Richards and Manisha Thakor call it an ‘uncertainty fund’ — after all, the amount you need to save is ultimately a response to how much uncertainty there is in your life. …

About

ikigai

Simple, intuitive banking and wealth management services in one app https://ikigai.money/

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store