Latest / The Emergency Fund Podcast with Fexingo: Cash Reserves, Saving, and Financial Cushion
How Your Emergency Fund Can Cover a Family Medical Leave
Episode 46 of The Emergency Fund Podcast explores how an emergency fund can bridge the income gap during unpaid family medical leave under the Family and Medical Leave Act. Lucas and Luna break down the numbers: the median FMLA leave is 10 days, but 40% of workers who need leave can't afford to take it. Using the example of a two-income household earning $75,000 annually, they calculate that a three-month emergency fund of $12,500 could cover the gap for a typical six-week leave. They discuss strategies to save for this specific purpose, including a dedicated medical leave sub-fund, and…
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