Don’t Let A Windfall Blow Away In the Breeze: What To Do If You Come Into Some Money

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Setup a Savings Fund

“A savings fund is your best defense against forces that seek to keep you mired in money mishaps, floundering in financial fiascoes, or let’s face it – deep in debt,” Toni Husbands of Debt Free Divas tells us. “For those with debt, place $1,000 for emergencies in a savings account and focus on eliminating debt. After becoming debt free (excluding your mortgage), establish an emergency fund equal to at least six months of household expenses.”

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