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How Much Money Should You Save for Financial Emergencies?
Practically every financial planning and personal finance book you'll ever read advises you to start an emergency savings fund, to meet unexpected financial emergencies, as one of the first steps you should take to build wealth. Recommendations range from several hundred dollars to twelve month's income. So, with all this conflicting financial advice, how much money should you save for financial emergencies? You're about to find out. :-)