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5 Tips for Setting Up Your Emergency Fund

5 Tips for Setting Up Your Emergency Fund

Telling someone they need an emergency fund can often sound like telling a drowning man that he needs swimming lessons! The key, of course, is to begin planning for that emergency long before it arrives.  On today's program, Steve Moore and Rob West share 5 effective ways to make headway with your savings and establish an emergency fund for your family.  Next, Steve and Rob answer your questions on any financial topic at at (800) 525-7000 and [email protected] Compass1.org about the following:

- Is it okay to cosign on a loan if you're perfectly willing to repay that loan, if necessary?
- Does it make sense to keep short-term savings in physical cash, rather than a bank deposit?  
We also hear from a listener with a testimony about God's faithfulness and generosity. 

Mentioned on today's program: Howard Dayton's books Free and Clear & Money and Marriage God's Way, as well as the Navigating Your Finances God's Way study

Be sure to check out our website, Com

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