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An emergency fund is a back up strategy when unexpected financial events happen. It can be considered as a rainy day fund, an umbrella.
1. Emergency Fund
2. Purchases 3. Wealth Building Baby Steps of Finances
1. $1000 to start an emergency fund 2. Pay off all debt using Debt Snowball 3. 3 to 6 months of of expenses in savings 4. Invest 15% of household income into Roth IRAs and pre-tax retirement 5. College funding for children 6. Pay off home early 7. Build wealth by investing |