Many of them could have avoided enrolling in a debt management plan had they had any type of emergency fund set up," he says. "There are many people out there who are living so paycheck to paycheck that a blown transmission would send them into bankruptcy. An injured child or a natural disaster could easily be handled with additional funds."
Avoid letting unexpected expenses or events lead you to financial ruin. Build your emergency fund by following these tips.
Read more: http://www.bankrate.com/finance/savings/5-ways-to-grow-an-emergency-fund-1.aspx#ixzz3qXfCKCBo
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