What is an Emergency Fund, Ladies?

No, it is not enough money in your hand for a martini or a bottle of wine or a new pair of shows!

All Kinds of Life Events can Set You Back!

All Kinds of Life Events can Set You Back!

Truly, what is your idea of an emergency fund?  Maybe, if you are in a relationship, you may think that it is having to go to your partner for help.  Really?

An Emergency Fund is very personal.  Here are the steps to creating Your Emergency Fund:

  • Estimate your monthly expenses.
  • Begin a category in your monthly spending plan.
  • Put a number in your monthly spending plan to begin building Your Emergency Fund.
  • With your next paycheck, put that amount in a separate account.
  • Monitor your activity in this category.
  • Re-examine how much you are putting into that account monthly.
  • If there is extra cash, put it in the fund.
  • Do not stop until you reach 1 month of expenses in the account
  • Continue until you reach 2 months
  • Continue until you reach 3 months
  • Continue until you reach 4 months
  • Continue, Continue, Continue
  • CELEBRATE!
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