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Podcast: Financial Residency
Episode: Financial Vitals: How Much Cash Should You Save For A Rainy Day
Description: Do you have enough money in the bank for your rainy day fund? What amount is too low or too much just in case you need it?\ In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about setting the cash target. Ideally, you're not over or under. By knowing what you need to get to, you're empowered to make better decisions to reduce stress and risks, and increase return on your dollar. Topics Discussed: • Before Building Emergency Reserves: ◦ Have at least one month of expenses in checking account