{"id":4583,"date":"2022-06-23T04:15:48","date_gmt":"2022-06-23T11:15:48","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=4583"},"modified":"2022-05-19T07:48:22","modified_gmt":"2022-05-19T14:48:22","slug":"100-words-on-rainy-day-funds-and-emergency-savings-2","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id4583-100-words-on-rainy-day-funds-and-emergency-savings-2.html","title":{"rendered":"100 Words On: Why You Need Emergency Savings AND a Rainy Day Fund"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2011\/08\/RainyDay.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4593\" title=\"RainyDay\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2011\/08\/RainyDay.jpg\" alt=\"\" width=\"529\" height=\"591\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2011\/08\/RainyDay.jpg 484w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2011\/08\/RainyDay-268x300.jpg 268w\" sizes=\"auto, (max-width: 529px) 100vw, 529px\" \/><\/a>People often use the terms &#8220;rainy day fund&#8221; and &#8220;emergency savings&#8221; interchangeably when they are really two completely different forms of personal finance insurance. A <strong>rainy day fund <\/strong>is meant to help you weather short-term, relatively low-impact financial storms of less than $2000 such as a major car repair. On the other hand, an <strong>emergency savings account<\/strong> with three to six months of living expenses is designed for longer-term crises such as a <a href=\"https:\/\/lenpenzo.com\/blog\/id1556-a-layoff-story-the-ant-the-grasshopper-the-honeybee-cobra-2.html\">job loss<\/a> or medical issues.<\/p>\n<p><strong>The bottom line:<\/strong> Keeping dual emergency funds provides a rock solid hedge against the unexpected to help ensure you stay in control of your life.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: striatic<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>People often use the terms &#8220;rainy day fund&#8221; and &#8220;emergency savings&#8221; interchangeably when they are really two completely different forms of personal finance insurance. A rainy day fund is meant to help you weather short-term, relatively low-impact financial storms of less than $2000 such as a major car repair. On the other hand, an emergency [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[473,466],"tags":[],"class_list":{"0":"post-4583","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-100-words","8":"category-saving","9":"pmpro-has-access","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>100 Words On: Why You Need Emergency Savings AND a Rainy Day Fund<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id4583-100-words-on-rainy-day-funds-and-emergency-savings-2.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"100 Words On: Why You Need Emergency Savings AND a Rainy Day Fund\" \/>\n<meta property=\"og:description\" content=\"People often use the terms &#8220;rainy day fund&#8221; and &#8220;emergency savings&#8221; interchangeably when they are really two completely different forms of personal finance insurance. A rainy day fund is meant to help you weather short-term, relatively low-impact financial storms of less than $2000 such as a major car repair. 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