Set aside money in a dedicated account for unexpected expenses. Having an emergency fund provides a financial safety net and peace of mind during unforeseen circumstances.
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Similar ideas to Establish an emergency fund
You can't predict an emergency, but you can prepare for one. The best way to do so is to set up an emergency fund of 3-6 months of living expenses.
Common financial emergencies include job loss, natural disasters and car, house and health issues.
Emergency Fund: Establish an emergency fund for unexpected expenses
Insurance: Learn about different types of insurance and their importance
Financial Resilience: Prepare for financial setbacks and crises.
Create an emergency fund to avoid the need to turn to debt.
Think about what makes sense for your financial situation.
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