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Banks offer a variety of savings products that can be specifically designated for emergency funds.
Its recommended that you keep three to six months worth of expenses in this account for safe measure.
When an unexpected expense arises, its easy to accidentally overdraw your account.
Lines of credit, on the other hand, offer more flexibility.
This can be a lifeline in situations where the full extent of your financial needs is not immediately clear.
When it comes to timing out your budget, every little bit counts.
Insurance Products
Insurance is one of the best coverage plans for all unexpected financial shocks.
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