HOW TO SAVE UP AN EMERGENCY FUND

It seems counterproductive to set aside any money when you are in debt, but it actually gives you a bit of freedom from the struggle of simple surviving each week.

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HOW TO SAVE UP AN EMERGENCY FUND

savingdollarsandsense.com

It seems counterproductive to set aside any money when you are in debt, but it actually gives you a bit of freedom from the struggle of simple surviving each week.

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Having an emergency fund serves the purpose up keeping you afloat when the unexpected happens. You cannot predict emergencies, unfortunately, but you can be prepared for them!

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It is important to track your monthly income and expenses before setting up an emergency fund.

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Saving money can be tricky, but having goals can help you stay on track with your savings.

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It is extremely important to be realistic with your goals. If you cannot afford to set aside $20 each week, don’t make that your goal.

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Divide it by however many months you have given yourself to save. That will give you the amount of money you need to set aside each month.

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