KLE 41: The Zero Dollar Emergency Fund

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Now that you have completed your One Time Budget – and, have the Power of 10-1-1-1-1 (KLE31) to curb those unnecessary spending impulses – and, now that you’re Paying Yourself Twice (KLE27), is it time to start thinking about building up your Emergency Fund?

Common financial wisdom says that you should build up 3 month’s expenses and put that aside ‘just in case’ you lose your job or a hurricane hits, and so on …

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Name and State (eg John, FL)
How much will you include in your One Time Budget for emergencies (month amount + description)?
How much will your HELOC need to be?

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