Blog Archive
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The Importance of having an Emergency Fund
Ian —Mon, 04/14/2008 - 04:00
If you spend any amount of time reading about personal finance on the internet, you will eventually find a common thread about what to do.
- First, stop the bleeding. This means stop using your credit cards.
- The second thing is to establish an emergency fund. Most places advocate an emergency fund of $500-$2000 dollars, with $1000 dollars being the most commonly recommended.