• Lady

The Emergency Fund

Updated: Mar 15, 2021

Hello Readers,

Today I’d like to discuss a FI basic: the emergency fund.

While 40% of Americans don’t have enough money to cover a $400 emergency, it’s important to prioritize saving at least 3 months of living costs in a high yield savings account.

This includes (but is not limited to): rent/mortgage, utilities, health/medical expenses, and food. I also account for phone bills, car insurance, and gas.

Americans spend $80 billion on the lottery every year, equalling $640 monthly per household. That totals $7,680 per year. If this amount was placed in a high yield savings account, the interest would grow tremendously.

I moved my emergency fund from my bank (sad 0.01% interest) into FDIC insured Yotta Savings, where I’m averaging 2.8% interest per month. Yes, you read that right.

Feel free to click the link above for more details, and you can receive a one-time bonus of 100 tickets as a new saver with my referral code LADY1.

If you have credit card debt, it’s to your discretion whether you pay that down first. I am building a 12-month emergency fund and keep a close eye on my credit account.

How many months are you saving for?

Happy savings,


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