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Emergency fund importance
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[QUOTE="Manasha1, post: 325063, member: 99593"] Set up a monthly automatic transfer from your checking account to a second savings account. This can help you keep on track with your savings objectives and avoid forgetting to save. Emphasize your emergency fund: Consider your emergency fund a priority and an unavoidable cost. Place it ahead of non-essential expenditures and budget for it. Maintain a separate emergency fund: Put your emergency money in a separate savings account so you are not tempted to utilize it for non-emergencies. Re-evaluate your emergency fund: If your financial condition improves, make sure to re-evaluate and amend your emergency fund as needed. The importance of emergency fund is nice to understand. [/QUOTE]
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