Tips on creating an emergency fund post government shutdown include a savings account for medical expenses with paycheck and any windfall money.

The Importance of Having an Emergency Fund


If the government shutdown proved anything, it’s how many Americans are living paycheck to paycheck. Are you financially ready in the event of a job loss, extended illness or some other emergency? EisnerAmper Private Business Services advisor Tim Schuster offers some helpful tips on creating (and sustaining) a fund that can help you sleep a little better at night should a crisis arise.


Dave Plaskow:  Hello and welcome to The Bottom Line. This podcast examines the everyday business and finance issues faced by closely held  businesses. We hope to provide you with news you can use in what we like to think of as a jargon-free zone. I'm your host, Dave Plaskow, and with us, as always, is Tim Schuster, Manager in EisnerAmper’s Private Business Services Group. Today we'll discuss with Tim how to approach creating a fund for emergencies. Tim. Hello.

Tim Schuster:Dave. It's a pleasure my friend.

More Podcasts in This Series
6 Types of Executive Compensation to Consider

Tim Schuster discusses executive compensation, option grants, deferred compensation, fringe benefits and more. He also examines what to be aware of when preparing an executive compensation package.

Is There a Difference Between Outsourcing and Private Business Services?

Lindsey Gross of EisnerAmper’s Outsourced Finance and Accounting Group joins Tim Schuster from Private Business Services to discuss the differences between these two areas, client case studies that demonstrate those differences, and which types of client could benefit from each.

You’re Not Using Social Media to Grow Your Business?

The Bottom Line looks at how you can use social media to grow your business and examine the different communication platforms available including Facebook, Twitter and LinkedIn. You really need to develop website content and push it on social media platforms.

Mr. Schuster is a Manager providing tax compliance services to individual filers, as well as assistance on tax returns for companies in the manufacturing and real estate industries.

Contact Timothy

* Required