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How to Build your Emergency Fund

Family Balance Sheet

MARCH 26, 2021

In the same week, I woke up one morning to an icy cold shower and the discovery that our hot water heater was broken beyond repair. Unemployment and reduced income are considered emergencies, and so is a leaking roof, a broken hot water heater, or a dead car battery. Your future self will be grateful. . I’m going back to bed!

Emergency Fund 130
Emergency Fund Building 2007 Credit Cards 130
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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

FEBRUARY 22, 2011

Three to six months living expenses used to be what the personal finance experts recommended, but in today's environment, maybe six months to a year is more prudent. Surely unemployment, reduced income or a business downturn is considered an emergency, but so is a leaking roof, a broken hot water heater, or a dead car battery.

Emergency Fund 127
Emergency Fund 2007 Personal Finance Debt 127
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