Rainy day fund planning is one of the simplest ways to protect your finances from everyday surprises without relying on credit cards or loans. While many people focus on large emergency funds, a rainy day fund serves a very different—and equally important—purpose. In this guide, you’ll learn what a rainy day fund is, how much […]
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Lynnette Khalfani-Cox, The Money Coach explains why despite the impact of COVID-19 on your finances you still need to find a way to save money for future emergencies and goals. Transcript Lynnette Khalfani Cox: Saving money is definitely hard these days, but you still got to do it. Let me tell you guys about why
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In a recent interview I explain the difference between a rainy day fund and an emergency fund. I also share 6 tips to help jump start your rainy day fund. A rainy day fund is designed to cover one-time events without blowing your monthly budget. For example, $500 set aside just in case the sump
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