Financial Wellness Tips: What to Focus on Right Now + Rainy Day Funds (Key Tips)

In this video, I’m sharing key tips to help you stay grounded during this season of uncertainty and keep your financial wellness in check plus ideas to start a rainy day fund.

So, what’s a rainy day fund?

A rainy day fund is a fund kicks in for small, one-time expenses that you haven’t already accounted for.

It’s basically like the foundation to your emergency fund and is a savings account with anywhere from $500 to $2,500 that can cover the most basic emergencies.

Rainy day funds can cover these short-term, unexpected costs without disrupting your everyday budget.

An emergency fund, on the other hand, is 3 to 6 months or more of your basic living expenses.

Don’t get caught in life’s financial “rainstorms.” Your rainy day fund is the umbrella that will cover you from the stress and worry that comes from being caught short on cash.

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