Only 19% of Americans increased their emergency savings in 2023. ‘This puts households in trouble,’ says expert

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A new report shows that as inflation and higher interest rates take a financial toll, fewer Americans will be dipping into their emergency funds this year. Most financial professionals recommend setting aside at least six months of expenses, or more if you are the sole breadwinner or run your own business. Americans are finding it …

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Dave Ramsey: Stop Spending Your Emergency Fund on These 8 Non-Emergencies

Dave Ramsey: Stop Spending Your Emergency Fund on These 8 Non-Emergencies

designer491 / Getty Images/iStockphoto Having three to six months of living expenses saved in an emergency fund can provide you with a financial cushion when an unexpected expense arises or your life situation changes. But it’s important that you keep this fund intact in case of a real emergency. You should not use it for …

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