Even If You’re Single, You Should Have A Financial Plan

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June 10, 2013 ‐ By Liz Burr

Being single can be great. Most people travel, eat well and have fabulous experiences, but you still have to be financially sound — even when living the good life. Whatever amount of money you are making sounds like a great deal when you are single. But be careful, it is easy to rack up debts and have your finances spiral out of control.

Here’s how to stay in control:

1.) Emergency Fund

Be sure you have six to eight months of expenses saved and tucked away for emergencies. I know so many people that live paycheck to paycheck and when an emergency happens they have to struggle to find the money to pay for it.

For more on what single ladies out there should be doing to secure their financial futures, click through to Black Enterprise.

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