Do you have a personal emergency fund? Surprisingly, many consumers do not have an emergency fund to back them up during times of crisis. And when the recent recession hit, many families were seriously stricken by the unexpected fall of the market.
Whether or not you are experiencing difficult situation, you should strive to build a fund for emergencies. Some people may reason that they do not earn enough to even set aside savings. But regardless of how much you earn each month, you can build your savings if you really make an effort to do it.
Listed below are tips on how you can build your personal emergency fund even if you live from paycheck to paycheck.
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