Emergency Funds Tag

03 Aug Top Ten Personal Finance Mistakes – Part 5

The biggest mistake anyone can make is failing to have an emergency fund. When you don't have even the smallest amount put aside for an emergency, any unplanned expense can start the ball rolling to financial ruin. Whip out the plastic and pay for the failure to save for the next ten to twenty years. Some experts (and talk radio hosts) suggest that you start with a small emergency fund of $1,000.00. This sum may not be easy to save, but it is a start. By no means should this be the end of your savings.
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