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Being financially secure means you have a fully funded emergency savings account

Follow these simple steps to start saving today:

  • Open a Savings Account
    • This should be a separate savings account, not in the same account as your holiday, vacation, or regular savings funds.
  • Just Say No
    • Do not get a debit card, checks, or use this account for overdraft protection.
  • Make a Plan
    • Start with a yearly savings goal and break it down by month, then per pay.
    • Make your goal attainable, don’t set yourself up for failure, $25 a pay adds up over time.
    • Track your spending and saving to see if you could be putting more funds toward your emergency fund.
  • Save Automatically
    • Set up automatic transfers from your checking to savings when you get paid
  • Keep Your Eye On The Prize
    • Only use your funds for emergencies:
      • Broken appliance
      • Auto repairs
      • Job loss/lay-off
      • Long term illness or injury
  • Don’t Stop Saving
    • Once you fund your emergency savings (at least 6 – 8 months worth of pay) use those funds for:
      • Debt elimination
      • Retirement contributions
      • Lifestyle changes:
        • New Home
        • Start a Family
        • New Vehicle
        • House Remodel
        • Vacation

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