It is impossible to know what problems lie around the corner. A car will break down, the dryer stops working, you may need an unexpected surgery. All of these things are unplanned. Having an emergency fund set aside can make all of these difficulties seem a little easier to manage.Dave tells you to have a $1000 emergency fund. We follow this rule and it has come in handy many times. Remember, if you take money out of it, make sure you replace it.
Saving a certain percentage of your paycheck each month for unexpected expenses will be very beneficial in the long run. It will cause less stress and tension and will be one less thing to worry about.
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We have that emergency fund in place also. Dave is sooo smart! I find I have more peace and can sleep at night. That sounds so silly but I actually feel like we have something to catch us if we fall!
ReplyDeleteI am a firm believer in unexpected surgeries happening, since we have had 4 this year. It isn't if something happens, it is when.
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