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Four Easy Steps to Building an Emergency Fund

FUNDO FINANCE TIPS FOUR EASY STEPS TO BUILDING AN EMERGENCY FUND An emergency fund is an amount of money that you save up for unexpected expenses like emergency hospital bills or major house repairs. Saving up for an emergency fund is easy in theory, but it is harder than it sounds. Here are the four main steps you need to take to kickstart your emergency fund: STEP 1: SETA GOAL Set a target amount and date, then determine how much you want to save every month. STEP 2: MOVE MONEY INTO YOUR EMERGENCY FUND SAVINGS ACCOUNT. Work on automatically transferring money to your savings account for your emergency fund. STEP 3: TAKE YOUR TAX REFUND FOR GRANTED. Your tax refund can give your •.. emergency fund a boost. Consider depositing your tax refund directly into your emergency account. STEP 4: ASSESS YOUR PROGRESS. You need to make sure that you are saving and your current methods are .... working. Make the necessary adjustments if you are not satisfied with your progress. Unlike vacations and future purchases, you cannot schedule an emergency. Prepare your finances to ensure that you will have the funds to cover your unexpected expenses. Pundo fundo.com.au

Four Easy Steps to Building an Emergency Fund

shared by AprilSemogan19 on Sep 17
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An emergency fund is an amount of money that you save up for unexpected expenses like emergency hospital bills or major house repairs. It is an essential fund that you need to save up for to cover urg...

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