Why should creating an emergency fund be a top priority?
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Answered by
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Find out why saving for an emergency fundneeds to be one of your top financial goals. ... While your ultimate goal should be to have at least three to six months of living expenses in an emergency fund, you don't have to start with an aspiration that's this hard to achieve if you're in debt or have other money troubles
Please mark as brain list please
Please mark as brain list please
kurama4268p98scs:
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The insurance fund for potential mishaps and/or unforeseen costs is a personal safety net.
Explanation:
- Find out that one of the key financial priorities is planning for an emergency fund needs. Although the overall target would be to have at least three or six months of living costs in an emergency fund, whether you are in debt or have some financial issues, you don't have to begin with an expectation that is impossible to reach.
- Financial advisors agree that emergency fund investment in the form of extremely volatile funds will usually be around three to six months. Savers may take advantage of tax returns and other windfalls to construct their savings.
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