How to Build Your Personal Emergency Fund

Do you have a personal emergency fund? 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. Many workers have become unemployed and even those who are in high-paying positions have been let go by the companies they work for.

Hence, it is always smart to build a fund for emergencies. Even if you have a small salary, you should still set aside a portion for your personal savings.

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

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