In this article, let’s take a look at how you can build an emergency fund even if you live from paycheck to paycheck. Read more http://www.badcreditresources.com/articles/how-to-build-your-personal-emergency-fund/

1. How to Build Your
Personal Emergency Fund
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2. Do you have a personal
emergency fund?

3. Many consumers don’t have one which is unfortunate because
when the recent recession hit, many families were seriously
stricken by the unexpected turn of events.

4. Hence, it is always smart to build a fund for emergencies.

5. Let’s take a look at how you can build an
emergency fund even if you live from paycheck
to paycheck.

6. #1: Build Your Motivation
If you have a family, then they are definitely the most
powerful source of encouragement.
Being motivated is very important so you can strive to
do the tasks you’ve set out to do.

7. #2: Create a New Budget List
Create a new list and calculate how
much you can save by crossing out the
less important expenses.
Find items on your list that you can
eliminate.

8. #3: Shop Around Before Buying
Spend time to shop around
and compare prices first before
making a purchase.

9. #4: Bring A Shopping List
Plan you meals for the whole
week so you can buy
ingredients in bulk, which is
cheaper than buying in piece.
Calculate your estimated
budget for grocery and bring
only the exact amount you need.

10. #5: Pay your Bills on Time
Submit your utility bill payments and
credit card payments promptly to avoid
paying the extra costs such as the interest
rate and late fees.

11. Resources:
How to Build Your Personal Emergency Fund
http://www.badcreditresources.com/articles/how-to-build-your-personal-emergency-fund/
Related Article:
How to Create A Budget Plan that Works
http://www.badcreditresources.com/articles/how-to-create-a-budget-plan-that-works/

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