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Depending on where you live, this means you could end up withextra incomeeach month.
When you come out on the other side, youll be better off for it.
Build an Emergency Fund
An emergency fund can get you through some tough financial times.
So, if you dont currently have one, take advantage of that extra cash and start building one.
Establish and maintain adiverse investment portfolioto minimize risk while making the most of your money, said Stearn.
This lets you automatically diversify while putting your money to work for you.
This way, you dont have to get a loan or put your travel expenses on credit.
If your income increases, consider starting or adding to a college fund for your dependents, said Harris.
Scholarships are not always guaranteed and student loans can lead to lifelong expenses.
In that case, take it slow and start by setting some financial goals short and long term.
It might take time, but starting will get you on the path you want and need to be.
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