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Ways to Beat Lifestyle Inflation

Prairie Eco-Thrifter

I still have debt to pay off and want to buy a house, so all of that inflation money could go toward saving or paying down debt more quickly. I think setting it up like this so that it never hits my account will stop me from rerouting the money toward less important things, like new dresses and shoes.

Debt 189
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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. If you are self-employed, work for a company or in an industry that is unstable, or maybe you or someone in your family has medical issues, you might want to save 6-12 months of expenses.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Dave Ramsey suggests in his book, The Total Money Makeover , that you create a starter emergency fund of $1000. He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. 2 – Decide where to put the money. Our 12+ dryer stopped working.