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How to Prepare for Investing II: Start Saving

How to Prepare for Investing II: Start Saving

 

1. Follow the “50/30/20 Rule” for your income: 50% for necessities, 30% for non-essentials and 20% for savings.

2. Put away 3 to 6 months’ worth of living expenses in case of sudden unemployment or other hardship.

3. Build up cash reserves for large, unexpected expenses.

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