PFT #46 - Personal Finance Tip: How to Manage the Rainy Fund Especially During Rising Inflation

<p><span style="font-weight: 400;">This week’s topic is about managing your rainy day fund especially during the supply chain problem.</span></p> <p><span style="font-weight: 400;">The rainy day fund is money that is set aside in the budget to account for small, unforeseen expenses. </span></p> <p><span style="font-weight: 400;">The amount that you need to put aside is arbitrary. It is based on what you own with items such as a home or a car and even a hobby. </span></p> <p><span style="font-weight: 400;">The best way to determine this, is to look at the age or condition of the items that you own and estimate the cash that you may need. </span></p> <p><span style="font-weight: 400;">For example, for a refrigerator or a television that is five years old, the odds have increased significantly that a repair is on the horizon.</span></p> <p><span style="font-weight: 400;">Website  </span></p> <p><span style= "font-weight: 400;">https://www.somethingonmymind.net/</span></p> <p>Merchandise</p> <p>https://www.somethingonmymind.net/shop</p> <p><span style="font-weight: 400;">Social Media </span></p> <p><span style= "font-weight: 400;">https://www.instagram.com/somm.podcast/</span></p> <p><span style= "font-weight: 400;">https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw</span></p> <p><span style= "font-weight: 400;">https://www.tiktok.com/@somm.podcast?lang=en</span></p> <p><span style= "font-weight: 400;">https://www.facebook.com/somm.podcast</span></p> <p><span style= "font-weight: 400;">https://twitter.com/Somm_podcast</span></p>