Latest / The Emergency Fund Podcast with Fexingo: Cash Reserves, Saving, and Financial Cushion
Why Your Emergency Fund Should Cover Your Insurance Deductible
Episode 20 of The Emergency Fund Podcast challenges the conventional three-to-six-months rule. Lucas and Luna explore why your emergency fund target should be anchored to your largest insurance deductible — typically health, auto, or homeowners. Using a real-world example of a $6,000 health insurance deductible, they show how most people would be financially wrecked by a single medical event long before they'd need six months of living expenses. They discuss the concept of a 'deductible-first' emergency fund, how it changes the math on where you keep the money, and why this…
The skinny
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