In this week's PLAN WELL INVEST WISELY podcast, we talk about Amazon Prime's recent price increase and how having a funded emergency fund helps you make smarter financial decisions.
Rethinking Amazon Prime
For those who don’t know, Amazon Prime is a membership program which gives members unlimited free two-day shipping on millions of items on Amazon.com and instant access to over 40,000 hit movies and TV episodes streamed directly you TV, computer, or tablet.
The benefits of my Amazon Prime membership are clear. Recently, when Amazon Prime increased its annual fee by $20, it made me stop and examine how I use it. I found some negatives.
It’s too easy.
Amazon Prime is too good at tempting me.
It’s a family affair.
Let's talk About Emergency Funds.
Your emergency fund acts as a shock absorber in your financial life. In this podcast, I discuss:
What an Emergency Fund is.
Why some people might not have one.
Why you need one.
What your options are when you don’t have one.
How much you should have in your emergency fund and why.