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Just 15.4% of respondents had more than $5,000 saved in their emergency fund.
In comparison, over 30% had zero emergency savings.
Here are five ways you’ve got the option to find out.
This could be as simple as totaling up expenses on a piece of paper.
What are examples of essential expenses?
Youll need to coverall non-negotiable itemseven if you dont have any money coming in.
Base living expenses are not the same thing as your normal monthly spending or the salary you make.
If you dont already have a good budget in place, this is the time to create one.
you’re able to use a spreadsheet, an app or a pencil and paper.
; (2) How do you plan on keeping yourself focused on your financial goal in 2025?
; (3) If youre planning to retire in 2025, what is your main financial concern?
; (4) How much debt do you have?
; (5) How do you plan on paying down your debt in 2025?
; (6) How much time do you expect to spend planning your budget per month in 2025?
; (7) Currently, what percentage of time do you stick to your budget?
; (8) How much do you have in your emergency fund?
; (9) How much do you expect to add to your emergency fund in 2025?
; (10) How many months of your expenses do you have saved?
; (11) What financial resources are you incorporating into your personal finances in 2025?
; and (12) Whats your main financial concern going into 2025?.
GOBankingRates used PureSpectrums survey platform to conduct the poll.
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