Building an Emergency Cushion

One of the key tools in the More Than Enough debt-repayment tool belt is an emergency cushion, and on today's episode of "Let's Talk Money with Dave and Reb", the co-hosts give direction on how to build a cushion so we don't need to turn to credit in emergencies or crisis. Doing this exercise means we will live on less than we make, and then capture that “extra” money and put it in a separate account over a three-month period. When unexpected expenditures hit, we are then prepared to draw that money out, instead of using credit. To learn more about building the cushion, tune in to today's show which is sponsored by More Than Enough Financial - a financial coaching, tax, and mortgage company empowering people to effectively manage their finances, while finding hope and financial freedom one day at a time. You can also learn more about the emergency cushion by listening to the financial fitness seminar led by Dave and Reb by going to these links: Financial Fitness Seminar link, or for a shorter version Debt Snowball link. To order Reb's e-book, audio book, or soft-cover copy of Cultivating Trust: Finding God's Hope and Freedom for Your Finances, go to morethanenoughbooks.com or email info@morethanenough.ca, to arrange a pick-up from their Ottawa office. Aired: May 27th, 2022 on CHRI Radio 99.1FM in Ottawa, Canada. For questions or to schedule an appointment with a More Than Enough team member, e-mail david@morethanenough.ca or call 613-520-4157. Visit morethanenough.ca for more information. For more CHRI shows, visit chri.ca.