How A Couple Saved $50,000 In Emergency Funds

2 Lie 2020
41 479 Peržiūros

One couple was able to throw a baby shower during the pandemic because they saved enough for a full year of expenses.
Read more about Jermaine and Christina here:
#Money #EmergencyFund #BusinessInsider

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How A Couple Saved $50,000 In Emergency Funds

  • Stop calling it the "New normal"! If we were able to get through the 1918 Spanish Flu, we can crush china virus. Don't be sheep people

    money bagsmoney bagsPrieš 2 mėnesius
  • There’s no other greater joy than having financial freedom and a life free of debts, all thanks to Mr Robert, cause he made me who I am today through binary trade. He has helped me a lot with his trading strategies which helps me to earn $12,550 weekly. I really appreciate it and can't help but let others know about it because it is so suitable anyone can trade from anywhere and anytime, you can reach Mr Nicholas on Instagram @nicholasjmyronfx or what sap :+1(518) 633-5966. his indeed a God sent. now i don't need to be working 9-5 ....

    Elizabeth JeffreyElizabeth JeffreyPrieš 2 mėnesius
  • Made 50k last month lol

    Eduardo SalgadoEduardo SalgadoPrieš 3 mėnesius
  • This is a stupid thing to advertise

    miss jillmiss jillPrieš 3 mėnesius
  • subtitles pls guys

    Saitama blzSaitama blzPrieš 3 mėnesius
  • It’s good to be frugal

    robert hingstonrobert hingstonPrieš 3 mėnesius
  • no car payments and living in an apt yet they spend over $4000/month, I'm sure they'd have more cash put away if they watch were their money is going.

    Don BDon BPrieš 4 mėnesius
  • Smart couple

    A BbA BbPrieš 4 mėnesius
  • Dave Ramsey approves 👍🏿

    Isaac Annan JrIsaac Annan JrPrieš 4 mėnesius
  • Republicans still think that’s what every family should be able to do. That’s why Republicans are quickly becoming the party favored by the lowest income earners in the US where the Dems are representing the largest companies and earners (Apple, Google, Facebook, Twitter, Amazon, Hollywood, Music Industry, gaming industry is bending over, every MSM network save for Fox. Even Fox is garbage).

    Curious BunnyCurious BunnyPrieš 4 mėnesius
  • This people are well off, they even have money to buy a car, I don't even have a bicycle.

    Biome BonumBiome BonumPrieš 4 mėnesius
  • I don't have money in the first place, that's real emergency, what advice can you give me?

    Biome BonumBiome BonumPrieš 4 mėnesius
    • How old r u first of all that’s the most important n do u have any debts or student loans n such n such u also need to consider if u have a stable enough job to provide for ur self n/or ur family

      てぇーぉねrてぇーぉねrPrieš 4 mėnesius
  • Congrats

    nakedshadowsnakedshadowsPrieš 4 mėnesius
  • Move back in with the parents, don't drive, don't go on holidays, no pubs or restaurants, keep the old phone and ware inexpensive clothes. These people are geniuses, I can save $60,000 a year if i do this. Basically have no life or material iteams and your good.

    lee macdonaldlee macdonaldPrieš 4 mėnesius
  • student debt is one of the most scariest thing in life.

    bruhgerbruhgerPrieš 4 mėnesius
  • Take another look at your website. We must take down AdBlockers? Are you poor?

    Pericles MoulisPericles MoulisPrieš 4 mėnesius
  • This is what every republican thinks the average citizen can do yet a big company worth billions doesnt make money for a few weeks and it turns into a bailout beggar since it spent all its money on high level bonuses and stock buy backs

    matt carnesmatt carnesPrieš 5 mėnesių
    • Republicans still think that’s what every family should be able to do. That’s why Republicans are quickly becoming the party favored by the lowest income earners in the US where the Dems are representing the largest companies and earners (Apple, Google, Facebook, Twitter, Amazon, Hollywood, Music Industry, every MSM network save for Fox. Even Fox is garbage).

      Curious BunnyCurious BunnyPrieš 4 mėnesius
  • They both would need to have set aside just 100$/w to do it, witch doesn't seem that much tbh especially if they say they are intentionally saving and living frugaly. As a couple you can also save a lot on housing and other utilities

    Martin-Rasmus KassMartin-Rasmus KassPrieš 5 mėnesių
  • What a dumb video.

    DaltonierDaltonierPrieš 5 mėnesių
  • At 1:35, you can see the pain in his face, when she says "would i like to be in a different appartment, yes". This is clearly a guy, who wishes to provide the best possible to his family.

    Em1LEm1LPrieš 5 mėnesių
  • Lovely couple! Wish you many years of a happy marriage. Thank you Business Insider for these videos. That couple represents the minority in American middle class. Every one else is flat broke due to poor financial literacy.

    Francisco RodriguezFrancisco RodriguezPrieš 5 mėnesių
  • The woman remind me of Chandler's ex-gf - Janice from Friends

    Ske3proSke3proPrieš 5 mėnesių
  • This channel is kindof a joke

    Natsu DragneelNatsu DragneelPrieš 5 mėnesių
  • So individuals are expected to keep 1 years expenses saved, but companies can't survive a downturn for 1 month. Meanwhile the USA treasury keeps interest rates at a level below inflation actively harming those who save, and pumping money into risky investors that cannot keep their own finances stable. If every American did this the US economy would collapse. This is simple corporate propaganda pushing the blame from those who have the power to control the situation to those who cannot.

    D CarvalhoD CarvalhoPrieš 5 mėnesių
  • 🤢🤮

    Chiken HillsChiken HillsPrieš 5 mėnesių
  • 50,000$ thats around 37,50,000 in Indian Rupees. I make 12,000 INR per month. It will take me roughly 25 years to earn that money.

    JackyVividJackyVividPrieš 5 mėnesių
    • Still would recommend you save some of the money every month on mutual funds or sip and since you are young... you will find in your 40s that your initial savings have compounded to a very nice retirement egg.

      ramyashastriramyashastriPrieš 4 mėnesius
  • I set aside $200 a week I don't make much like, 500-600 a week on like a 30-35H workweek, thing is I dont spend much either my monthly expenses are $500 including rent that excludes gas, food, etc. But still easy enough to set that 200 weekly aside, let's say I give myself 3 decades of saving it without investing in anything which I really wouldn't reccomend due to inflation, thats $312k assuming I'm in the 25-30 range can I retire on $300k? Maybe, maybe not, but that won't really matter, because its essentially just an emergency fund, I'm also not big on home owning, which has its pros and its cons, just gotta be smart with what you spend on, and obviously hope life throws you some luck

    El Gran ToroEl Gran ToroPrieš 5 mėnesių
    • Where u invest?

      Frank EscobarFrank EscobarPrieš 2 mėnesius
    • Why wouldn't you want to invest any money due to inflation? That's the reason to invest. Even if it's sitting in a 1% online savings account, that's not going to keep up with inflation. That $300,000 could turn into $500,000-$750,000, with compound interest and maybe a 7% growth over time. Only keep your 6 months plus emergency fund in the online savings, and invest the rest.

      80sgirlwhamduran80sgirlwhamduranPrieš 4 mėnesius
  • The man looks completely annoyed when she speaks

    ShivithereShivitherePrieš 5 mėnesių
  • Frugal living is good for a bettetr future

    jesse shadrackjesse shadrackPrieš 5 mėnesių
  • The United States is a dystopia

    Tom STom SPrieš 5 mėnesių
  • There's people living frugally with jobs who can barely afford to live paycheck to paycheck. It depends on your job, income, family support... Videos like this are always naive

    Joe CrampJoe CrampPrieš 5 mėnesių
  • can you do a vid on air fores boot camp

    ben criswellben criswellPrieš 5 mėnesių
  • Say goodbye to that fund and welcome to debt once that kid is born 😂

    Tommy CoxTommy CoxPrieš 5 mėnesių
  • 50k is nothing in san francisco.

    COGSCOGSPrieš 5 mėnesių
  • I don't know why that is presented as a unique thing to do. It's a BASIC thing to do! It took us 4-5 years, but both my partner and I have enough on the side to live a full year in a very expensive city (Sydney) without any type of income. If I had lost my job in COVID crisis, that wouldn't have been a problem at all. Just the feeling of security and peacefulness that reserve provide is worth it.

    BaradhurBaradhurPrieš 5 mėnesių
  • Buy a car on Carvana, don't go to dealers.

    Mirza AhmedMirza AhmedPrieš 5 mėnesių
    • Or from tesla, no dealer there and optimized for online purchasing

      Martin-Rasmus KassMartin-Rasmus KassPrieš 5 mėnesių
  • Who cares?

    Mirza AhmedMirza AhmedPrieš 5 mėnesių
    • like 10,000 people

      Vidhyuth ViswanathanVidhyuth ViswanathanPrieš 5 mėnesių
  • Good luck with the pregnancy! A new mother and child SHOULD ALWAYS HAVE A NEW CAR SIR ! You can't have your new family on the side of the road waiting on help.

    Tim JonesTim JonesPrieš 5 mėnesių
    • I guess thats an american problem, here in europe we have good public transportation.

      TheExplorerTheExplorerPrieš 5 mėnesių
  • So how did they do it?

    John BlazeJohn BlazePrieš 5 mėnesių
    • @TheExplorer yeah I don't think most people caught that. Her parents may or may not live there, but the house was probably paid off. The way I saved 50G. Move into parents right before a 1 year deployment.

      So TranSo TranPrieš 4 mėnesius
    • living with their parents.

      TheExplorerTheExplorerPrieš 5 mėnesių
  • They are cute

    Matthew LewisMatthew LewisPrieš 5 mėnesių
  • I'm privileged enough to live with my parents. So I've been saving ever since my commute consist for me going to my bed to my desk. Lol. It's really helpful if you can save while you don't have to commute to work

    Ishaan RIshaan RPrieš 5 mėnesių
  • Interesting that having money saved for a rainy day is a phenomenon unique enough in the US to to be reported on like this.

    job187job187Prieš 5 mėnesių
    • @matt carnes Everyone has this kind of luxury. Most people choose to live paycheck to paycheck. No one is forcing you to stay in city or living in expensive rent apartment.

      DuBstep115DuBstep115Prieš 2 mėnesius
    • @matt carnes Dave Ramsey Show on YT.

      Yaniq Li ChairoYaniq Li ChairoPrieš 3 mėnesius
    • @Kipruto Bett its called paycheck to paycheck most people dont have this luxury

      matt carnesmatt carnesPrieš 5 mėnesių
    • The world's economy would be better if Americans saved like the Chinese and the Chinese spent like the Americans

      Kipruto BettKipruto BettPrieš 5 mėnesių
  • Mr. Beast can help with the car.

    Jonathan OjedaJonathan OjedaPrieš 5 mėnesių
  • step 1: make enough to be able to save money in the first place.

    The Loner MillionaireThe Loner MillionairePrieš 5 mėnesių
    • You'll never have enough if you think like that.

      AKSAKSPrieš 5 mėnesių
    • @Kenneth West step 2: drain your savings within the first year of retirement

      Tyler PhillipsTyler PhillipsPrieš 5 mėnesių
    • step 1: Don't contribute to your 401k.

      Kenneth WestKenneth WestPrieš 5 mėnesių
  • This is absolutely and completely achievable. I saved $100,000+ working as a nurse within a few short years. *If you want to know how I did it using incredibly simplistic techniques that even a five-year-old can understand, read my entire comment* ☺️ *1.* By writing down everything I purchase upon my smartphone in an app called Money Book (most banks do this for you now so you can skip this step, but I started in 2010 before such features existed). This gives me a huge advantage because I can see each day in real time how much money I’ve spent, or how little money I’ve spent *2.* All of my purchases are paid with by debit except for fuel for my vehicle which I use a credit card for because it builds credit quickly. Immediately after I purchase fuel, I pay it off by logging into my bank with my smartphone. If you watch what you spend money upon, you will save tens of thousands of dollars every year or two. I am living proof and so is this couple. It absolutely can be done The reason I left this comment is because it has made my COVID-19 experience extremely comfortable! I have no stress or worries outside of my health because I know exactly how much money is in my bank account, exactly how much money comes in each month, and exactly how much money is spent each month. Knowing these 3 things insulates you from even the largest of catastrophes because no matter how bad things get, I have a large cushion to sustain myself, something which I would love to see achieved by every other person who is willing to strive for it ☺️🙌 If anybody has any questions, feel free to ask them

    AnthonyAnthonyPrieš 5 mėnesių
  • This seems to be a very American problem. In Europe it’s relatively normal to have sizable emergency fund, but in the US it seems like every tries to get the maximum out of every cent with no room if something goes wrong.

    RoadRunnerRoadRunnerPrieš 5 mėnesių
    • @The Loner MillionaireThis is because European companies have to pay reasonable wages and have decent healthcare rather than depending on business owners to not be super greedy and self serving

      Stephen TrotterStephen TrotterPrieš 5 mėnesių
    • The Loner Millionaire that argument doesn’t make any sense. If anything us having a strong social safety net would mean, that we don’t need to build up an emergency fund. Germany, France, Austria, Netherlands, .... aren’t going to go bankrupt before you.

      RoadRunnerRoadRunnerPrieš 5 mėnesių
    • this is because europeans are heavily dependent on the gov.

      The Loner MillionaireThe Loner MillionairePrieš 5 mėnesių
  • 50k won’t cut it if something bad happens and are permanently disabled, have high medical bills and expenses. For a rainy day, fine but not for when it pours and pours.

    The Big PictureThe Big PicturePrieš 5 mėnesių
  • I put away $30,000 a year, but I split my funds up retirement, savings and cash. Never put all of your eggs in one nest

    Victor GrossVictor GrossPrieš 5 mėnesių
  • Well moving back home with parents to save money its kind of selfish if she didn't help them with expenses. Parents don't have to support you in order for you to safe money. Just saying

    C BarreraC BarreraPrieš 5 mėnesių
    • in the Middle East adult children are encouraged to spend on their parents and to not overburden them.

      Unreal SpacesUnreal SpacesPrieš 5 mėnesių
  • Thankfully dealers are sitting on massive inventory they need to get rid of so they'll find amazing deals.

    Financial ShinaniganFinancial ShinaniganPrieš 5 mėnesių
    • Fat Kaiju These deals also know that the unemployment rate is already at 13%.

      Nicolo ANicolo APrieš 5 mėnesių
    • These dealers also know people are reluctant to take mass/public transportation.

      Fat KaijuFat KaijuPrieš 5 mėnesių
  • My mom saved 400,000 in emergency funds 👁👄👁

    Skrt SkrtSkrt SkrtPrieš 5 mėnesių
  • When your gums to teeth ratio is over 50%. Jeez.

    Demandred1957Demandred1957Prieš 5 mėnesių
    • @Righteous Lol, yeah ok...

      Demandred1957Demandred1957Prieš 3 mėnesius
    • @Righteous Nope. sorry to disappoint. But I bet you do..

      Demandred1957Demandred1957Prieš 5 mėnesių
    • Lol

      JoshyyJoshyyPrieš 5 mėnesių
  • I want to start an emergency fund but not having money is an emergency 😅

    thatguy 00thatguy 00Prieš 5 mėnesių
    • @bruhger it's pretty self-explanatory, you save up money to use in an emergency

      Ananth KutuvaAnanth KutuvaPrieš 4 mėnesius
    • fund

      bruhgerbruhgerPrieš 4 mėnesius
    • what is an emergency find

      bruhgerbruhgerPrieš 4 mėnesius
    • @natethebait I watched so many of his videos and decided to watch some more about saving. Now I'm here 😂

      Kyle PritchardKyle PritchardPrieš 4 mėnesius
    • I recommend searching up Dave Ramsey. He has a very good plan that works well that talks about emergency funds plus much more.

      natethebaitnatethebaitPrieš 5 mėnesių
  • Respect to you guys. I guess your decision-making about your priorities is something we can learn from, plus you are living a lifestyle mindfully, and are content about it. Sure, we all like luxuries, but then there’s no limit to luxuries. Wish you all good health, and happiness. Also, imbibe these same principles in the new life you are bringing in. Take care.

    Ashish SawhneyAshish SawhneyPrieš 5 mėnesių
  • You need more in that savings dont be comfortable were you are at step out of that comfortable zone.

    Happy GenerouslyHappy GenerouslyPrieš 5 mėnesių
  • Anybody can save that if we stop living for a period

    WestieloverWestieloverPrieš 5 mėnesių
  • They probably no longer have student loans which is what hurts most millennials.

    S _S _Prieš 5 mėnesių
    • Excuses. She said in the video that she paid off her student loan.

      MimiMimiPrieš mėn
  • Mmm preggos

    Random VideosRandom VideosPrieš 5 mėnesių
  • Achievement 👍... I have $3 🤭

    P & K -P & K -Prieš 5 mėnesių
    • S _ I save 40 a week

      Jennifer WrightJennifer WrightPrieš 5 mėnesių
    • Everyone starts somewhere. I saved $20 a week as a high schooler.

      S _S _Prieš 5 mėnesių
  • Go to Vroom they deliver the car to your house.

    Ron SchuttRon SchuttPrieš 5 mėnesių
    • car makes vrooom vrooom beep beep

      Unreal SpacesUnreal SpacesPrieš 5 mėnesių
  • ( ͡° ͜ʖ ͡°)

    George ARADI-RODRIGUEZGeorge ARADI-RODRIGUEZPrieš 5 mėnesių
  • First thing I thought of when I read the title. Dave Ramsey’s TOTAL MONEY MAKEOVER. Amazing job you guys! 🙌🏽

    Raul J. GomezRaul J. GomezPrieš 5 mėnesių
    • "Better than I deserve" 💸

      Kyle PritchardKyle PritchardPrieš 4 mėnesius
  • hi

    XeleXelePrieš 5 mėnesių
  • Wow

    Chul Han YangChul Han YangPrieš 5 mėnesių
  • Emergency funds are always a good choice, don’t bite off more than you can chew

    Fingering ThingsFingering ThingsPrieš 5 mėnesių
    • And if you live paycheck to paycheck what then

      matt carnesmatt carnesPrieš 5 mėnesių
  • K

    George ARADI-RODRIGUEZGeorge ARADI-RODRIGUEZPrieš 5 mėnesių