How To Save Money For An Emergency Fund And Feel Financial Bliss

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Most people know they need to save money for emergencies, but many don’t have a solid plan to make that happen.

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What Is An Emergency Fund?

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An emergency fund is a savings account that you use to cover unexpected costs.

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Emergency funds create a buffer that can keep you afloat without using credit cards or high-interest loans.

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The general rule of thumb is to save enough money to cover three to six months of living expenses.

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An emergency fund should be kept in a separate savings account from your regular checking account.

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1. Decide How much You Need To Save The first step in saving for an emergency fund is determining how much money you’ll need to cover unexpected expenses.

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