In this episode, we discuss the ins and outs of emergency funds and other short-term savings goals like house deposits etc.  How much you need, where to keep it, balancing risk vs reward and more!

During the show, we cover:

• What is an emergency fund and why do you need one?  (1:09)
• How much do you need in your emergency fund?  (6:13)
• The many different types of emergency funds, Pat's approach and how it works in practice  (14:17)
• Is there any way to optimise this stuff?  (25:01)
• Saving for a house; where should you keep the money?  (28:42)
• Dave's approach to emergency funds  (32:07)
• Listener case study:  "I feel like I've already over-extended on big ticket items, is it still possible to scale back and reach FI?"  (38:57)

More from us:

• Dave's Blog:  Strong Money Australia
• Pat's Blog:  Life Long Shuffle
• YouTube Channel:  FIRE & Chill