Savings

• How to Create an Emergency Fund for Your Family By:-Ed McDonald
  While most people understanding the importance of having an emergency fund, very few have some sort of plan in place to address any emergency. Are you one of those who have a plan? If your answer is yes, congratulations on being financially responsible. On the other hand, if you don't have an emergency fund, you should consider is seriously. An emergency fund is the most important thing you can do to help yourself and your family when you need it most.

• How to Save For a Family Emergency Fund By:-Ed McDonald
  Best selling author and financial counselor, Dave Ramsey, tells us that a person should save for about 3 to 6 months of expenses. You can save closer to three months if you and your wife are both working, have stable jobs, no major medical problems. You should lean closer to the 6 months mark if you are the sole income provider for the family or if you have a history of medical issues or any other reason that might cause a large financially crisis unexpectedly.

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