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Set aside money for unexpected expenses to avoid debt from "summary" of The Total Money Makeover by Dave Ramsey
Saving money for unexpected expenses is crucial in order to stay out of debt. Life is full of surprises and emergencies that can easily derail your financial plans if you are not prepared. By setting aside money specifically for these unexpected expenses, you are creating a safety net that can help you avoid going into debt when the unexpected happens. It is important to anticipate that unexpected expenses will arise and be proactive in preparing for them. This means planning ahead and saving a portion of your income for these situations. By doing so, you are taking control of your finances and protecting yourself from the stress and burden that debt can bring. ...
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