Having an emergency fund can help you avoid being surprised by unscheduled needs in life. Whether it involves an unexpected trip to the hospital, your car breaking down or a necessary renovation in the kitchen, having the funds available in a pinch is always desirable. Most people look to their credit cards to provide a safety net in these instances. While it is a plausible method of being ready for an emergency, having the money available for the same purpose can help avoid the inevitable debt that would follow. Here’s how you can create your own emergency fund.
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