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12-6-2007 4:46 AM
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12-6-2007 5:58 AM
swampfoxz
Ok wait! I lost you at put one year's salary back.Do you even know someone who could do that?lol
nice idea though
12-6-2007 8:37 AM
NonStatQuo
I think that's the point swampfox. If you can't put one year's salary back you are above your means. So try a portion. It is very tough for the first year, but just like anything, you do it long enough you get used to it and it works.
12-6-2007 5:22 PM
anpl32
not so lol about emergency funds. a full years salary is a goal you achieve gradually.
there's some more info about it:

Emergency Funds: How and Why You Should Get Started Right Now: http://www.thesimpledollar.com/2007/01/03/emergency-funds-how-and-why-you-should-get-started-right-now/

21 Strategies for Creating an Emergency Fund, and Why It’s Critical: http://zenhabits.net/2007/07/21-strategies-for-creating-an-emergency-fund-and-why-its-critical/

"The recommended 3-6 months of expenses for an emergency fund is a good guideline, but if you don’t have any emergency fund, you should save up at least $1,000 (to start with).": http://zenhabits.net/2007/09/7-things-you-can-do-today-to-prepare-for-retirement/

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