Building your savings: How to save money so you’re ready for a financial emergency

Saving money may seem like an impossible task.

The economy is slowing down and there are a lot of question marks about how far that’s going to go. Are we headed to a recession? Where are we going?

So that makes it more important, even than in normal times, for you to be prepared for the rainy day. That means you’re building up an emergency fund if you were to lose your job, whatever.

Howard said to think about putting money aside for your future automatically from every paycheck, where it goes into a savings account. You can split your deposit, have it go straight into a savings account, so that you start week by week building up that rainy day money.

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