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The ABCs of Managing Money
Have Back-Up Plans (Emergency Funds)
It’s important to save up enough money to have a cushion. You should determine what your goal is. For some it’s 3-6 months. For others, it’s at least a year’s worth. You need enough to take care of you in an emergency, as well as if you lost your job. If you do lose your job and don’t find one right away, you want to have enough money saved up to pay your bills at least for a time.