Why You Need an Emergency Fund and How to Start One in 4 Steps

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Unexpected emergencies — like when your tire blows out on the highway or you fracture your ankle on vacation — can be really stressful events. They also can be really expensive. And because you don’t often anticipate the worst-case scenario happening at any given moment, these unplanned events can steamroll your financial standing. That is, if you don’t have an emergency fund in place.

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