17 Financial Habits That Will Change Your Life

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4. Start an Emergency Fund

Emergency funds are almost a thing of the past as many people choose to use credit cards for emergencies. This endangers your financial security rather than protects it. High interest rates and the possibility of late fees makes credit cards a poor choice for emergency expenses. Instead put aside savings for six months until you have a good $1,000 emergency fund. This creates a nice cushion to help toward unexpected household emergencies or vehicle repairs. Do you have trouble setting money aside this way? Your grandparents probably used this next tip for just that…