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Best of Money Clinic: Flying solo with your finances: managing money as a single person

Money Clinic with Claer Barrett

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How to Save Up Your Emergency Fund Before You Start Investing

iowna says that your emergency fund should be the same amount regardless of whether you are in a couple or not. The classic rule of thumb is to save about three or four months worth of earnings. You can keep your emergency fund in an easy access savings account, or what i do is buy premium bonds. I get instant access to the money if i need it, and i might win a tax re prize in the monthly drw.

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