emergency fund
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Create An ‘Armageddon Fund’ To Save For A Major Emergency And Still Earn Interest
1You’ve heard of an emergency fund, and they’re a must for setbacks and financial pitfalls. In case of larger financial emergencies, Financial Samurai suggests what he calls the “Armageddon Fund”.
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How To Build An Emergency Budget (And Why You Need One)
You’ve probably heard of an emergency fund. It’s a small cushion of savings to help you stay afloat in case of a financial crisis. For some emergencies, it also helps to use an emergency budget — a deflated spending plan to make sure the money in your fund lasts as long as possible.