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Are You Letting Your Luxuries Become Needs?

Prairie Eco-Thrifter

We can surf the Internet, check our email, send each other images, and text with much greater ease. The reality, of course, is that paying the monthly charges — not to mention buying the phone in the first place — is somewhat expensive. However, the problem comes when your propensity to spend on luxuries leads to debt.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Personally, I think a starter fund should be $2000-$3000.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. Being self-employed, we have a higher starter fund on hand and when we pay off our non-mortgage debt, we will save to at least 6 months expenses and maybe even more. 1 – Determine how much you need.