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Your Emergency Fund

lifestyle Apr 01, 2020

One of the things that this pandemic has shown us with certainty is that nothing is certain. People have lost jobs, businesses, commissions, etc with little to no notice. You may have not been financially prepared this time around, but you can use this as a learning experience and motivation to be better prepared in the future. 

An emergency fund is the key to financial security in an uncertain world.

This is one of those paramount "must haves" to protect you and your family. Determining how much you need and where to put it is fairly simple. The hard part is accumulating the money, and then having the self discipline not to touch it unless there is a TRUE emergency.


LET'S TALK THROUGH IT...
1. HOW MUCH DO YOU NEED?
- Take a look at your budget and calculate your monthly expenses. This includes all bills and essentials like food and household items. I wouldn't include entertainment or shopping "extras" in this. Take this amount times 6 (some say 3, but I like the extra...

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