Pay yourself first2 of 9An emergency fund is the key to making sure you won't have to run up debt on a credit card or other source of credit when an unexpected cost pops up. Taking a predetermined amount of your paycheck and putting it into a savings account automatically will help build your emergency fund and later, a long-term savings fund, says Burton. Related Articles:Why debt management?5 ways to cut debt now2010 Frugal Living GuideSave money on groceriesRelated Links:Ways to dump debt in 2010Debt pay-down calculatorBuilding your emergency fund4 dumb financial moves advertisement
An emergency fund is the key to making sure you won't have to run up debt on a credit card or other source of credit when an unexpected cost pops up. Taking a predetermined amount of your paycheck and putting it into a savings account automatically will help build your emergency fund and later, a long-term savings fund, says Burton.
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