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Build an emergency fund from "summary" of The Financial Diet by Chelsea Fagan,Lauren Ver Hage
Having an emergency fund is essential for any responsible adult. Life is unpredictable, and unexpected expenses can arise at any moment. Whether it's a medical emergency, a car repair, or a sudden job loss, having a financial cushion can help you weather the storm without going into debt or being forced to make difficult choices. An emergency fund should ideally cover three to six months' worth of living expenses. This may seem like a daunting amount, but remember that building this fund is a long-term goal. Start small by setting aside a portion of your income each month until you reach your target amount. Make it a priority, just like paying your bills or buying groceries. You'll thank yourself later when you have a safety net to fall back on. It's important to keep your emergency fund separate from your regular checking account. This will help prevent you from dipping into it for non-emergencies. Consider opening a high-yield savings account...
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