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Business Insider

A 7-step plan to building an emergency fund, even if you’re starting from scratch

By Natalia Lusinski

Before you can plan how much money to put into your emergency fund, you need to assess your finances. “Good personal finance revolves around a key practice — preparation,” Andrew Westlin, CFP at Betterment, told Business Insider. “In general, it is a good idea to have a minimum of three to six months of monthly expenses covered in your safety net fund.”

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This article originally published October 26th, 2018 on Business Insider