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Emergency Funds: Case Study

Decent Essays
This week in our assignment we find that an individual in their twenties should be prepared to save for their emergency fund and that it should be kept separate from the savings account (Kapoor, Dlabay, & Hughes, 2014). One suggestion that may help Shelby to increase her emergency fund would be to start out evaluating her monthly budget because by reviewing it frequently she may find that there are items that she can do without from time to time. If this is not a possibility, then other ways may be a little time consuming but can help her to meet her goal. Shelby should compare financial institutions, their interest rates on loans and various payment accounts. Also, she has the ability to check out the different types of saving accounts
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