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3. Create a Fund for Emergencies

3 Create a Fund for Emergencies
Create an Emergency Fund – 6 Effective Money Management Tips

The truth is that we must all have an emergency fund available.

Somewhere along the line, we have all learned that life is not always fair and most of the time under the worst circumstances, life gives you that much unexpected financial ‘blow” that you did not see coming.

This might be in the form of a geyser bursting overnight, your car breaking down on your long planned road trip or even with sickness and hospital bills.

By saving a little money every month, you will be able to avoid turning to credit card debt or even the need to get an emergency cash loan, just by using the money you have saved.

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