💸 Money Cheat Sheet: What’s an F-You Fund?

This week’s money mood: talk to the F*ck-You Fund️

Ever since writer Paulette Perhach first introduced the internet to the concept back in 2016, we at Ellevest have been obsessed with the idea of a F*ck-You Fund — aka savings that make it possible to walk away from what doesn’t serve you. Because while there are plenty of reasons a vulnerable person wouldn’t be able to leave a bad situation, nobody should be trapped or exposed to harm just because of money.

This week, we’ve got a full breakdown of what, exactly, a F*ck-You Fund is and how to build one. (Plus — unrelated, but not to be missed — everything you need to know about Biden’s student loan forgiveness plan.)

Tell ’em byeeee,

Deedi Brown, she/her
Senior Editor

Dollar bills with the words F*** YOU FUND on them. Illustration.

Why You Need a F*ck-You Fund

Plus, a handful of useful answers to your questions, like: Isn’t this just an emergency fund? Where should I keep my F*ck-You Fund? And how much should I save?

ALLOW US TO EXPLAIN >

Collage: a circular photo of $1 bills, a climbing line graph over a circle, a plain circle, an upward arrow, balanced scales, and a pie graph.

Let that money pile comfort you

The whole point of a F*ck-You Fund is to know it’s there — so we made you a list of pros and cons for the five most common places to save for your goals.

WEIGH YOUR OPTIONS >

F*ck-You Fund

A savings pot you build up specifically so you can walk away from the things that hurt you or hold you back, be they people or environments (or both).

An open envelope with a paper sticking out, a money purse with a dollar sign on it, and a graduation cap. Illustration.

Here’s what you need to know about Biden’s $10,000 student loan forgiveness plan

Read what’s in the announcement, how to get relief if you’re eligible, and how to prepare for the end of the payment moratorium.

YAY DEBT RELIEF >

$$ win of the week

“I left a job where I wasn’t happy, accepted an offer for a new job, and increased my yearly salary by 40%. It’s the most money I’ve ever made in my life, and my job is so much more meaningful now.” 🥺

— Emily, an Elle Raiser from Staten Island, NY

Share your latest money win or accomplishment so we can celebrate you!

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See you on Monday? 6 PM?

We’ll bring you the need-to-know basics on crypto and how exactly taxes work with investing.

SAVE YOUR SPOT >

To add to your end-of-August scrolling


•	On the eve of Women's Equality Day, we’re here for what Generation Ratify has to say. (Have 30 seconds to spare? In honor of the day, check to see if you’re registered to vote.)
•	File under: inflation woes. The total cost of raising a child just clocked in at $300,000. 🍼
•	The app that helps caregivers find hidden savings and some much-needed relief. ❣️
•	Yes, it’s expensive to be a woman. (Psst: There is one way women can fight back against all of this … invest.)
•	It’s never too late to look for the helpers. 🌲

Start working toward feeling more confident with your money.

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This week’s newsletter was brought to you while contemplating the clang of a dropped Hydro Flask. Forward it to your friends who are sustainable queens.

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DISCLOSURES

All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

Information was obtained from third-party sources, which we believe to be reliable but not guaranteed for accuracy or completeness.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.

The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.

Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.

As of 8/15/2022, Ellevest Membership fees can be found here. Other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Membership Terms and Conditions Agreement will continue to apply.

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💸 Money Cheat Sheet: What’s an F-You Fund?

This week’s money mood: talk to the F*ck-You Fund️

Why You Need a F*ck-You Fund

Let that money pile comfort you

F*ck-You Fund

Here’s what you need to know about Biden’s $10,000 student loan forgiveness plan

$$ win of the week

See you on Monday? 6 PM?

To add to your end-of-August scrolling

Start working toward feeling more confident with your money.

This week’s newsletter was brought to you while contemplating the clang of a dropped Hydro Flask. Forward it to your friends who are sustainable queens.

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