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Emergency Fund

Emergency Fund

What if?

 You should ask yourself:

Also consider:

 Financial Literacy will help you become better prepare for unforeseen situations like this.

Creating an emergency fund is crucial for yourself and your family.

An emergency fund implies saving the equivalent of at least 3 months of basic living expenses in order to:

Emergency Funds: Why you need one, how much you need; where to keep it

Establishing an Emergency Fund means saving on a regular basis to create the fund. You should only use this fund for emergencies and resist the temptation to use it for non emergencies opportunities.

Review these articles on how to start your Emergency Fund: 21 Strategies for Creating an Emergency Fund, and Why It’s Critical

The Basics- Set Up an Emergency Fund.

If you’re still not convinced, take a look at this Blog were you will read about some real life experiences and the importance of an emergency fund.

How and Why to Start an Emergency Fund

Personal Financial Tips

  1. Pay your bills on time.
  2. Eat more at home and less out.
  3. Take your food to work.
  4. Forgo the ice cream store and pop popcorn at home.

More Financial Tips