What the Coronavirus Can Teach Us About Building an Emergency Fund


Photo by Aaron Freeman / Money Talks News

The average American household has less than $9,000 in savings accounts.

That’s not enough.

The coronavirus pandemic is a stark reminder that the unexpected can happen to anyone, or everyone. So, the more we have in savings for that inevitable rainy day, the better.

How do we beef up our savings? But whittling away at our expenses.

That’s what we’re talking about in this week’s “Money” podcast.

As usual, I share the stage with longtime financial journalist and fellow podcaster Miranda Marquit. And this week, we invited a special guest: Tom Drake, financial blogger and owner of Canadian site MapleMoney.com. Tom recently got the ultimate coronavirus savings lesson — when he was quarantined for nearly a month.

Now, sit back, relax and give it a listen!

Listen to our latest ‘Money’ podcast

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Not familiar with podcasts?

A podcast is basically a radio show you listen to online anytime. They’re totally free. They can be any length (ours are typically just under a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, when riding your bike.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven’t listened to a podcast yet, give it a try, then subscribe to ours. You’ll be glad you did!

About me

I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

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