Your first step is to figure out what counts as a true emergency.
Not all emergencies can be predicted, but many can. Car repairs, medical expenses, higher-than-normal bills. Even having a list of things that you can and cannot spend an emergency fund on can help you stay on track and avoid spending it when you shouldn't.
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Define What Your Emergency Fund Is For To Avoid Spending It Carelessly
lifehacker.com
2 ideas
·600 reads
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"Making money is art and working is art and good business is the best art." ~ Andy Warhol
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Cultivating self-awareness and self-reflection
Prioritizing and setting boundaries for self-care
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Similar ideas to Define what your emergency fund is
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.
Play around with your monthly budget to see where you can reduce your monthly spending:
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