According to a National True Cost of Living Coalition poll, nearly half of respondents say they don’t have $500 saved. Additionally, one in five Americans do not have an emergency fund, Bankrate finds. Self Financial head of community and financial expert Monique White explains how you can prepare for an emergency without sacrificing everyday needs.
The first step, White says, is to get started as soon as possible and consider what you can realistically put toward your savings, even if that figure amounts to just $15. The financial expert outlines several building blocks of a savings plan, such as automatic transfers and credit builder accounts.
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