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Money and Finances
Reply to "What does "saving" mean?"
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[quote=Anonymous][quote=Anonymous]Michelle singletary recommends an emergency fund of 6 months living expenses, and a "life happens fund" of at least $1k for car repairs, dishwasher breaks, etc. We auto deduct monthly into a separate saving account that holds these two funds together, and we only dip in when life happens in s major way. If you don't have at least 3 months of cash flow I would focus on that before retirement or debt payoff. [/quote] My golden retriever understands more about personal finance than Michelle Singletary. [/quote]
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