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RE: How to handle unexpected expenses?

in LeoFinance8 months ago

In my current circumstances, I can almost maintain a $10k balance in a savings account, should an emergency home or auto repair expense occur I may draw from up to half that balance. An emergency family medical expense I may draw up to 90% of the balance. This strategy has worked well for me for years preventing me from accumulating debt. But that balance is getting harder to maintain lately from the cost of living.

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Yeah I do something similar but recently I had to use those funds for house renovation.