Link: 20 Timeless Money Rules
Here are 20 rules about money, all of which I pretty much agree with. The rules are all illuminated with cool quotes from famous people.
Rule 3 says I should have an emergency fund. I keep about $500 in a savings account that gets about 6% per year, but I find that it's quite easy to withdraw out from this account. What I plan to do in the future is save up $10,000 and then buy a shares ETF. Buying an ETF gives me liquidity so that I can get the money as I need it. It also allows me to keep the money in shares thereby fulfilling Rule 2. I will buy the ETF through a discount online broker, and so I will need a password to log in. I will write this password on paper and then put it somewhere that is hard to get. This artificially creates illiquidity, which is necessary for self-control.