Set specific and realistic goals for an emergency fund - Deepstash

Set specific and realistic goals for an emergency fund

An emergency buffer consists of a specific metric you're trying to reach based on what you reasonably will need during a dry month.

Some have a checking account with two month's worth of bills saved. It covers rent, utilities, insurance and cell-hone bills. In addition, they have at least three months of living expenses built up in a savings account.

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"My adversary is the world of finance." ~ Francois Hollande

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How to follow through with saving up an emergency plan

Some people are disciplined enough to manually set aside "leftover" money at the end of every month into a high-interest savings account. Others take the decision-making out of the equation and automate the entire process. Most banks have a feature that allows you to set up recurring transfers fr...

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