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Alternatively, set up an automatic savings transfer.
Inflation gradually erodes the purchasing power of your money just letting it sit in the bank.
So, it is a must to continuously build your emergency fund.
Even if your fund was sufficient a few years ago, it might fall short today.
Its a hidden risk that many people dont think about until its too late.
He suggested a health check on all your finances every six months.
Some people like using the first of the year and mid-year July 1.
Others check their finances twice a year when they change clocks.
The key is to set a reminder on your phone and make it a habit.
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