Where to save your Emergency Savings

[@thebluebeyond2329]

😂Growing up is realising these videos are more worthy than any Netflix shows. I was never an accounting/ financial bunny 🐰 in High School. I literally 😂changed to Science from economics subjects. But after my university graduation this year. I am taking a whole 180 to be informed. We are blessed as a black community to have you in this space. Thank you 🙏.

[@thatomaphutha5148]

You can say that again😂

[@luphelele]

I won't lie, I used to avoid watching financial videos because I would feel so overwhelmed by the amount of info. Making it my new years resolution to try and sort things out. Thanks for this. So helpful

[@FinancialBunny]

Love that! we are a community here and happy to be here for you

[@VDMAUDU]

Same!!

[@mdumiseninsibande3071]

@phuti masoga, same here. Guilt was killing me.

[@FinancialBunny]

@phuti masoga Please read my book so you know HOW Many mistakes I have made and still making

[@lalahmofokeng3916]

Me too

[@EverHopeful555]

Ey Nicolette, we really need to talk about ‘those’ relationships and money hey, personally I make more money when I’m single 🤔🤷🏾‍♀️ can’t wait to hear your 2021 story

[@zwivhuyamuntswu3245]

Why aren't we taught this in school??? Your content has been such a great help

[@bettymwebaza4904]

If you anticipate an emergency to happen, then it ceases to be an emergency, you have to start planning for it; but thanks for the educative and informative video.

[@abongilesibhoko539]

I am the first one.yes💃🏻💃🏻💃🏻💃🏻its 2022 ,I am still here.

[@FinancialBunny]

...and I appreciate you kindly

[@ItsAmazing00]

Thank you so much for your videos. My 23 year old son started working last year. He's been listening to you and he introduced you to me. I'm so proud of how he's handling his finances. I'm also working towards comfortable early retirement. Keep doing good work.

[@sanelisiwetonga7939]

I literally press like even before I really start watching!

[@FinancialBunny]

Thank you

[@ntswakimalebatja7276]

Oh Queen, you are still loved in 2022 and thank you for your work.

[@FinancialBunny]

You are so welcome

[@thobilehlubelihlehadebe331]

You look beautiful sisi. I've struggled to accomplish my emergency account dream but I'll do the home loan option starting this month. I think here you also won't be taking from your savings as much as you would with a regular savings account.

[@JessicaMotaung-k6b]

Wish i had found this channel earlier this year, guess better late than sorry. Very informative ❤

[@scelohlophe5749]

Vula I twitter space girl and tell this story ye ndoda 😂😂😂 I want to hear this one 😂 singimathanda I izindaba zabantu

[@FinancialBunny]

LMAO, Not even worth it

[@Ohole]

Sweetheart. I am praying for your heart.

[@FinancialBunny]

Thank you so much!

[@usisiphomatyeni4191]

Nicolette is a natural teacher, I love how she emphasizes words and they linger in your head. Her articulation keeps you captivated. This is how all teachers should be like ♥♥

[@tsakanimahamu]

Notification gang. Happy 2022

[@PZJBimha]

Waiting for the mjolo story when you are ready love. Thanks for the first video of 2022.

[@scelondlovu3518]

You never disappoint me Nicolette... data is very expensive in SA but I never regret watching your videos. With you on my side. I will reach my 100k at the end of this year again... I also really appreciate your book

[@FinancialBunny]

Thank you so much

[@sheilamutua2818]

Looove love from Kenya. Asante for the insights... :)

[@FinancialBunny]

Thank you

[@lindiwephafudi6921]

6 months honey? I had a 5 year fruitless relationship. When he ended things, I saved so much money and built my business 🙌 🤣 To God be the glory

[@makhosinidube7950]

Mjolo uyanyisa.

[@samkefakude6255]

7 years for me LOL

[@sithabilesibanda3258]

6 years me... 😂

[@nthabisengrawu706]

You see what men do to us??? Bashemane 👏🏳️

[@mphomoabi6861]

I think me & you have same experience. indeed God had to intervene by making them to leave

[@makabongwengcobo6792]

Welcome back Nicolette!

[@victoriagreen3047]

Thank you

[@smac1517]

Immediately subscribed at the 1:00 min mark - I just know she can be trusted

[@mphomakwa7496]

I've been borrowing myself money from my savings and owing a lot

[@MmachueneS]

I’ve just subscribed🙌🏽. Emergency savings le yona okare e phela ena le di emergency monna! O thiba ka mo go bulega ka mo😭. May 2022 be a better year🙏🏽. Loved this video.

[@nicolletpearlnyathi6556]

I'm glad i watched this video because i was looking for other ways to invest my money

[@cleopatralimakatsomokokoan7873]

Iyoh ska bua ka mjolo. Triggered. 2021 was hell for me in that department 😩😩😩💔💔💔

[@FinancialBunny]

Askies mama

[@Gogrizzyy1503]

Notification squad . Happy new year ❤️❤️

[@FinancialBunny]

Happy new year!!

[@ellahnokane4536]

oh Nicolette, I cant wait for the mjolo story🤣🤣🤣🤣

[@msvee1320]

Umjolo wanyisa😅😅😅 can’t wait for that one ☝️ but , thank you for the video 🥰❤️🙏

[@fundiserame9531]

I love Frac

[@TheDerekCrosson]

I prefer to keep 90% of my emergency fund in cash at home, that money doesn’t have to grow it just needs to be there when I need it and 10% in a bank account in case I ever need it to get home or something

[@TheDerekCrosson]

Also it must be topped up at least every 6 months

[@FinancialBunny]

and inflation?

[@TheDerekCrosson]

That’s fine, I can always top up when I need to. If I put my money into an ETF the market can crash at any time too. All the managers are doing is trading contracts with the money in the fund

[@pascalinefonteh8109]

You don't have to put it into an ETF. Try Tyme bank with a 6% return so you can at least beat inflation

[@molebogengm7456]

If your house gets robbed, you might lose that 90%. Keep a big portion like 75% in a money market account (where you gain interest and still preserve your capital) and keep 25% on hand as cash

[@ilonakyeyune]

I don’t know how i got here but am glad and i am subscribing

[@kelebogilemooketsi4241]

Thanks for the tips regarding emergency fund.

[@FinancialBunny]

My pleasure

[@tirhanisa868]

Well articulated and straightforward.

[@hilenikullakapepo9338]

Thanks for the information dear. Much appreciated 💕

[@thembekamasondo5247]

Thank Nicolette, I took a few notes and I’ll visit the different banks to find out on the different options.

[@nodumom4116]

Kindly recommend a trust which would be good for us young black women.

[@zuko457]

Before I even watch lets talk about your glow sis🥰🥰

[@mphomohlabula8164]

I honestly enjoy watching your videos. Very informative and not boring.

[@FinancialBunny]

Thank you Mpho

[@Pam_Q]

Ohk it was very nice to hear a side of you for a 2nd there ngomjolo was waiting for you to go in detail 😂 for the love of indaba. Love your content always learn something from it.

[@JozieIsMe]

So dramatic - I love it!

[@iwasbornunderwater]

I love the Olivia Pope analogy. It sobers me up immediately 😄 I've just gone to my online banking and changed the account name to "Olivia Pope".

[@uyasithandakweyama7436]

Looove this comment. I’m stealing this idea 😂😂😂

[@noxmagejana]

Listen! I’m doing this too 😂😀

[@gladysmonyane6286]

I love it🥰😅

[@luambomulaudzi4951]

Did it too🤣🤣🤣😂

[@goodwillgomolemo5317]

😂😂😂

[@FisterEagle]

I appreciate your frank humour😉 insightful thank you 🙏🏽

[@FinancialBunny]

I appreciate that

[@nomkhithas7752]

This video is for me, been contemplating on where to keep my money but let it work.

[@PalesaS17]

Not Everything is an emergency!!! I learned that the hard way (a lot of things can wait actually). And yes separate savings is the way to go.

[@FinancialBunny]

Absolutely. Please do tell how you learned the lesson of what should and what shouldn't be an emergency

[@PalesaS17]

@@FinancialBunny found myself constantly dipping into saving or using credit for things that were not emergencies (had more month than money often). Drawing up a monthly budget helped a lot, paying off and closing short term credit facilities and separating the savings also helped. I’m now able to plan or cater for unexpected expenses. And other things as you mentioned are not emergencies they can be postponed and planned for, for a future date.

[@PalesaS17]

@@FinancialBunny Also your channel has been very helpful in my journey to having healthy financial habits.

[@armandojohanna6000]

@@PalesaS17 me too all the way from Namibia 🇳🇦💕

[@giftncube3395]

preaching good

[@mpumihlatshwayo8554]

Happy new year Nicolette. You life saver you 🎉

[@FinancialBunny]

Happy new year!! Thank you, lets have a good financial year yeah

[@mahlangulindiwe8263]

You know my sister I needed this thanks a lot my financial bunny ❤️💖💖💖❤️

[@FinancialBunny]

LOve you

[@Mbalings]

Thank you so much for this information 🙏 God bless you.

[@lesetjagodfrey544]

We are here

[@tirhanisa868]

Mjolo the pandemic, take slow Nicolette don't give up..

[@Kberry_]

Lol 😂 The introduction about mjolo 🤣🤣

[@meetbonny]

Please add links like "The frank app" or any app suggestions... so its easier for us to download

[@nombulelopatiencemdlaka4806]

Reminder on the video you owe us for the fruitless 6 months of 2021 because of umjolo 😉 🐾

[@sibusisiwendlovu868]

Umjolo is a pandemic

[@sellosekhaolelo1079]

what can I do without you mara mothowaka😍✊

[@mdebruin8906]

Nicolette, thanks so much for all your advice. Always so much valuable info. Appreciate your channel so much🙂

[@FinancialBunny]

Happy to help!

[@leratosetsiba]

Compliments of the new year Nicolette! Mjolo o dirileng!?😭😭😭😭🤣🤣 Great video! 👌🏾🥰

[@zanelenxumalo5057]

Great content well explained. access account good idea . franc app great

[@paulineoiva8543]

Very informative ❤

[@katlegobooysen7547]

When the emergency has happened and u have used the money. What are the ways to encourage starting filling ur emergency funds again?

[@leratolegae1846]

Learning so much from your channel, thank you sis❤️

[@FinancialBunny]

You are so welcome

[@senzobhuda2860]

Proper video and sound advice. Please try to change the room next time because the echo kinda disturbs concentration and sound. Lastly, I recommend umjolo for you, baphinde futhi that mjolo side.

[@worshipndhlovu2414]

U the BEST. Keep shinning

[@T_Netshifhefhe]

Welcome back, Happy new year Nicollet. ❤️

[@gcinilemethula6902]

Now I know the difference 🤗thank you

[@goodwillgomolemo5317]

Thank you so much 👌❤️

[@mabatholeah751]

I needed this.

[@njabulomahlalela2912]

I love you! I learnt a lot from you over the years❤️

[@kgetsepemkhabela3963]

Atleast you learnt a lesson from that fruitless relationship. Now we will get unlimited content.

[@FinancialBunny]

Listen - Just remind me LOL

[@thabontshingila5892]

For a couple of months now I have been stressing out about the account and the institution I need to use for my emergency fund savings. Thank you for answering my prayer🤝

[@knowledgekhoza8618]

Just what I wanted to see ma'am . Starting with you this year mama . Thank you for this video

[@FinancialBunny]

My pleasure 😊

[@Wyntah888]

Happy new year Nics ❤️ and to your family and our darling Pretty🎈

[@khensanimnisi1953]

Pp pool

[@AbigailCrown]

I feel like I've just had my teacher tell me off for doing something wrong lol. Your tone is quite harsh and aggressive but I guess it's because you're passionate. Great video 🙂

[@zktngub7617]

Nicolette you have no idea how much I needed this it came a perfect time🙏🙏🙏. I shared this video with my financial partner before even watching it. My fiance and I have just accumulated a substantial amount of money in our emergency fund but now the issue is the dilemma of what exactly constitute a financial emergency. And we really don't want to start using it on non emergency needs. This will really help us. Thank you very much for your content 🙏🙏🙏🙏

[@busisiwematlou7504]

Hi Nicollete, thank you for the financial videos, I have been listening through most of them and I really appreciate the knowledge share. I quick question I need assistance with, were can I save my 12 months savings to buy a home? any suggestion please.

[@sybillamula]

Can't wait for that juicy story time😍😍

[@VhugalaHaweM]

Thank you, great video. may you kindly make a video and explain more on the home loan access (option 1) vs fixed home loan

[@FinancialBunny]

Oki doki i will but basically with the access account you can make additional payments over and above your monthly required instalment. if you need the money you can just withdraw it

[@VhugalaHaweM]

@@FinancialBunny Thank you so much

[@bontlemaine3107]

Ma'am, you're good at what you're doing. Keep it up 👌🏼🌺

[@zothamhlongo770]

Notification gang gang 🙌🏾🙌🏾🙌🏾

[@FinancialBunny]

You're the best!

[@vuyokazinocuze7603]

Happy New Year Nicolette, I love the franc app it is amazing. Looking forward to your 2022 content.

[@amandasimelane2560]

Hi Vuyo, how are things going on the app ?

[@rianalulama3826]

Nicolette thanks for your information ❤️❤️

[@ZenzinkosiGuliwe]

Emergency savings really solve emergencies in it they say it must pay your monthly salary for 3months let say during strike .

[@zwelakhegalela3904]

Thank you ses wam'... I used to have one until I told my wife about it😓😓😓😓😓 It's a new year and ill have to start one again.💯

[@KgosiDube]

🤣🤣🤣🤣

[@sibusisiwendlovu868]

Bathong 😂😂😂not funny kodwa hayi lomama 😂😂😂

[@thepriestess5969]

This time don't tell her about it

[@charles.m.molema4758]

"Ding Dong - Trick or Treat . . ." Governance, Markets & Institutions are Confined to binding documentation & frameworks - Insurance is our only Assurance which is non-existent unless you remain persistent...

[@anamjebe7305]

Happy new year sisi❤🎊

[@FinancialBunny]

Happpppyyyyy

[@aneliswamphatseng3893]

Thank you very much for this information🔥🙌❤ I messed up my emergency savings because I couldn't tell the difference 🤣🤣🙌💔 You're highly appreciated this side😌

[@vickynhlengethwa3242]

Thank you for coming back to us , we missed your financial teachings , hawu !! Asisakwazi.

[@thandimthembu2440]

Love it👍👍

[@nomfundomolefe5881]

Thanks girl ❤️

[@sybillamula]

Not everything is an emergency, I felt that

[@TeacherNkosi]

Sorry to hear about that 6 months ,hope it’s comes with a financial lesson😂

[@FinancialBunny]

so many oe

[@we-learnsworld9065]

Very insightful video thank you 🙏🏼

[@Kazi607]

Notification gang 💃💃💃

[@FinancialBunny]

You're the best!

[@nonduduzomthethwa237]

Happy new year sis ♥️....... thank you so much for the videos.....I love you so much

[@FireGuyPlays]

Girl you are IT🙌, I've missed your videos

[@FinancialBunny]

Yay! Thank you!

[@arnoldt.musadziruma2829]

Great video. Thanks as always Nicolette! Love the quote "the best sleeping pill on the market." Came across it in your book last year & yeah, l definitely sleep well! For me l use a simple criteria to determine where to keep an emergency fund: 1) Hide it (you can't keep it handy otherwise it will get spent. Everything will become an "emergency" if you always see it e.g if you attach a savings account to your checking account & can see it on your banking app). 2. Keep it liquid i.e easy to get with no penalties. This makes things like 32 day notice accounts, savings bonds, investment accounts not ideal. You don't want to be paying a penalty to withdraw when an emergency arises or cash in on an investment when the market is down! My preference: a Money market account with no penalties & full checking privileges preferably with an Investment Management Company (not a huge fan of bank's money market a/cs). & lastly, I've learnt its best to see an emergency fund for what it is - INSURANCE against rainy days & not a wealth building tool lest one gets bogged down looking for the best interest on the market.

[@molebogengm7456]

I have mine in a 32 day account and it's been good in terms of me maintaining disclipline and not finding excuses for 'emergencies'. However, I agree that the liquidity can be a challenge especially in the case of an immediate emergency. So what I did was start an additional emergency fund which I call a Rainy Day Fund that has a 7 day notice and the amount is much less than the original emergency fund (and the original is reserved for cases like me losing my job or getting sick and not being able to work.) This may not be a solution for others to have two emergency accounts so I'd advise that for those that struggle with self-discipline, they should lock about 75% of the money in a 32 day account and have about 25% that can be accessed immediately. The percentages are subjective but I hope you get my point.

[@arnoldt.musadziruma2829]

@@molebogengm7456 Wow that's a really great approach! I love how personal finance is just that...Personal!

[@buhlehlongwane2197]

Sis could you please create a separate video regarding the "Frank app" . I'm curious to learn more. 🥺🥺

[@ayanda.sikhosana]

kzbin.info/www/bejne/novRpquLibKleaM

[@buhlehlongwane2197]

@Ayanda Sikhosana Thank you so much! ✨

[@naledimaila]

your videos are soooo informative 😢❤definitely love love watching them

[@FinancialBunny]

Thank you so much!!

[@katlegoratshidi5070]

you have literally answered a question I've been battling with for the past few weeks. Thank you. I can't wait for the story time :D

[@lebogangmokone_pmbl8281]

Right!

[@Traceynyathi1]

Complement of the new year.... Can I have a link for the frank app