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3: Analyze Your Circumstances

Who Saves for Emergencies?

Most financial experts suggest implementing a strategy to keep enough in your emergency reserve fund to cover three to six months of basic expenses. This will help to ease the financial burden if you have a temporary drop in income, and you will have money to cover unplanned expenses.

Infographic regarding saving for emergencies

Source: NEFE Harris Poll 2015: Getting Financially Fit in 2015

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