Emergency Fund: Personal Finance Blog Archives
Posted on June 8, 2007
Everyone that has read even a few personal finance blogs has come across the popular “How to Start an Emergency Fund” post. It’s typically an insightful read as you can learn a lot about the writer’s saving philosophy. Some say to save a modest amount (about $1000 or less) in an emergency fund and use a home equity loan or low interest credit card as backup. Others believe in the traditional three to six month emergency fund in a conservative yet safe savings account. I would say that the decision of how much should be weighed on an individual basis, but I would lean more to the conservative approach of saving close to three months pay for an emergency fund. I have collected from many blog archives the best emergency fund posts I have read over the last year or so.
- Emergency Funds: How and Why You Should Get Started Right Now by The Simple Dollar
- How I Built My Emergency Fund by Single Ma’s Fabulous Financials
- How and Why to Start an Emergency Fund by Get Rich Slowly
- Creative Ways to Build an Emergency Fund by Young and Broke
- How to Create an Emergency Fund by FreeMoneyFinance
- 5 Different Ways To Build An Emergency Fund by Silicon Valley Blogger
- 22 ways to build an emergency fund by Life of a Resident Alien…
- Everything You Always Wanted To Know About Emergency Funds by MoneySmartLife
- Do You Have an Emergency Fund? by Lifehacker
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[…] Establish emergency fund. You will never get out of debt if you have to rely on credit cards in emergency situations. Unexpected expenses constantly pop up so you have to be prepared for them. Check this emergency fund archive post for references of how to create an emergency fund. […]
[…] Establish emergency fund. You will never get out of debt if you have to rely on credit cards in emergency situations. Unexpected expenses constantly pop up so you have to be prepared for them. Check this emergency fund archive post for references of how to create an emergency fund. […]