Maintaining an emergency savings account may be the most important difference between those who manage to stay afloat and those who sink in debt. An emergency savings fund consists of a small amount of money, usually in a savings account that you do not have easy access to.
5 ways to save $500 to $1,000 for emergencies
1. Save automatically. Have part of your paycheck automatically deposited into a savings account or set up regular transfers from your checking to your savings account.
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