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Archive for the ‘emergency fund’ Category

What constitutes an emergency? While it is obvious that losing your job, wrecking your car, or major health problems fit the category, you really need to define “emergency” for yourself. This is a wise thing to do because it will probably keep you from frittering away your emergency fund on impulse purchases.
I [...]

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Where should you keep your Emergency Fund? I think you’ll do best if you keep it somewhere too difficult to access on a daily basis where it can earn a decent amount of interest. This eliminates anywhere in your house, your checking account, and, in most cases, a savings account associated with your local [...]

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So, you want to create an emergency fund. How do you do it? Here’s a shocker: it all starts with goals.
First, decide how much you want to save. If you’re like most people, you probably have little to no savings right now. If that is the case, it can be a little [...]

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Previous posts have covered budgets and goals, which are necessary building blocks for a strong financial future. Another important element is the emergency fund. Once you decide on your goals and create your budget, funding your savings against future emergencies can keep you on track when bad stuff happens.
One of my dad’s favorite [...]

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