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Building an Emergency Fund

Get started on your Emergency Fund by putting aside two weeks pay in savings. Budget at least $50 per month to your Emergency Fund.

Once you have done this, focus on:

  • Risk protection
  • Retiring debt
  • Funding goals, including a larger Emergency Fund

NOTE: Building the Emergency Fund is not negotiable. Not having one does not end well. If it requires drastic cuts in spending and/or taking on a second or third job… Do it.

 

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