In this episode, Eric provides some real life examples of why having an emergency fund is so important. While Tim and Wil provide some insight into self-insurance and why this is such an important concept to discuss.

Listen as we discuss:

-How each member handles emergency funds
-Utilizing a shared emergency fund when finances are kept separate
-Why emergency funds are good for your mental health
-What is self-insurance?
-Rising insurance costs
 
Hope you enjoy the episode!
 
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If you have any feedback, have topics you would like us to discuss, or if you would like to come on the show, feel free to email us at financialclassroom@gmail.com.
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Welcome to The Financial Classroom Canada. This is a podcast that talks about personal finances and discusses personal stories/struggles of financial mistakes. We believe that many people struggle with their finances and think that money talk is often taboo in North America. We want to change that! This is a podcast where we think that the American dream is built by living within your means. Listen as we discuss how to build wealth, live frugally, and attack life with a financial plan.