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When it comes to personal finances and saving money, some people forget the importance of having a rainy day fund. Not only is it important to set aside money in case of the unexpected, it's equally important to know when and how to use your emergency fund. In this video, we tell you how much money you should set aside for the unexpected, what constitutes an emergency, and where to put your emergency stash. We give you examples from our own lives and tell you when and why we chose to dip into savings. // SUBSCRIBE: MENTIONED ON THE VIDEO: ○ Personal Finance Planner: https://underthemedian.com/yearly-fin... //TIP JAR: Want to send us a special "Thank You" for our content? Here's our PayPal email address: underthemedian@gmail.com //WATCH MORE VIDEOS ABOUT EMERGENCY FUNDS: ○ How to Save An Emergency Fund Fast: • 5 Fast, Easy Ways to Save an Emergency Fund ○ 5 Steps to Managing Unexpected Expenses: • 5 Steps to Managing Unexpected Expenses // FREE RESOURCE Learn how we slashed our budget dramatically in this FREE eBook, "Ten Ways to Radically Reduce Your Expenses": https://underthemedian.com/radically-... //SHOP OUR COURSES! • Menu Planning Made Easy: https://underthemedian.com/menu-plann... • Debt-Free Christmas Binder: https://underthemedian.com/debt-free-... • Personal Finance Planner: https://underthemedian.com/yearly-fin... • Home Energy Savings Guide:https://underthemedian.com/home-energ... • Teaching Children a Biblical View of Money: https://underthemedian.com/biblical-f... Links included in this description might be affiliate links. If you purchase a product or service with the links that we provide we may receive a small commission. There is no additional charge to you. //CAMERA GEAR USED: ○ Microphones- Shure Microphones to plug into a mixer: (Great for interviews): https://amzn.to/3eUMuKl Blue Yeti mic with stand (Our favorite mic for Live Broadcasts) - https://amzn.to/3pgEEiA ○ Studio lights - https://amzn.to/3pdgq8V //TOOLS & SERVICES WE RECOMMEND: ○ Our Logo design is by: Sarah Hallam, graphic artist:, contact her at: polaroidsandpens@gmail.com. ○ Discount and Coupon Browser Extensions: Honey: (Coupon Browser Extension) https://www.joinhoney.com/ref/m7n46co Rakuten: (Cash Back!) https://www.rakuten.com/r/HOPEWA158?e... Ibotta: (Earn cash back on groceries!) https://ibotta.risj.net/P2JJz ○ Mailerlite - https://www.mailerlite.com/invite/538... //COME SAY HI! Our website: https://underthemedian.com/ Facebook: / underthemedian Instagram: / underthemedian //ABOUT: We're Hope and Larry and we raised our four sons, debt-free, including paying cash for our home (when our salary averaged less than $40,000). For tips on saving money, budgeting, paying off debt, and setting goals (while living with a spirit of joy and abundance), subscribe to us here on YouTube and visit us at our website and on social media. //CONTACT: For all inquiries, please use this email: hope@underthemedian.com