Save Up an Emergency Fund

The size of your emergency fund really depends on your current situation. If you are still getting out of debt, you should have a smaller emergency fund until you pay off your debt, like $1,000. 

If your job is more volatile or you are the primary breadwinner for your family, you should aim to save up at least three to six months of living expenses in your emergency fund.1 This will help cover you in the event of an emergency without accumulating more debt. 

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