Tuesday, May 25, 2010

Emergency Fund

One of the best ways to break out of the debt cycle is to have an emergency savings fund to cover unexpected expenses. This way, when your car breaks down or the refrigerator quits working, you won’t need to rely on credit cards or bank loans to cover the expense. Crown recommends saving $1000 in your emergency fund as a first step in the Crown Money Map Destination One.

However, if you are already living paycheck to paycheck, how can you find any extra money to fund this emergency savings account?

How about this article on "Ideas for Funding an Emergency Account"?


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