Thursday, June 30, 2011

Emergency fund

If you have an emergency fund set aside you will find that most emergencies become mere annoyances.

Instead of worrying about how to pay for something to be fixed, the annoyance is having to replace the item at all or waiting for the repairman.

Be prepared. Have an emergency fund of three to six months of living expenses set aside to turn big problems into little problems.
More Debt Management

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