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You sold a bunch of stuff and made a decent chunk of change. Now it’s time to sock that away and touch it as little as possible.

This thousand bucks is your mini-emergency fund. 

It’s not a full emergency fund for a couple of reasons:

  1. With all your payments and your limited income, it would probably take you YEARS to develop a $10,000+ emergency fund. By that point, you’d get tired of all the saving and you’d probably quit before you even started paying off your debt.
  2. $1,000 give you just enough buffer to get through even those larger emergencies (albeit creatively!), but it’s a small enough amount that you can get there fairly simply and soon start tackling your debts!

Save up a grand, put it in a savings account in the bank. That’s it!

After this, it will be time to tackle your debts, save up a huge emergency fund, and then invest for your future!

But, let’s take this one step at a time.

First, saving up the $1,000. Get this done and you can move onto the next step!

Want to learn more? Check out the helpful posts below!

Helpful Resources

How to Save Up $1,000 in Just 4 Weeks (Without Working a Second Job)

How to Save Up $1,000 in Just 4 Weeks (Without Working a Second Job)

Are you sick of never having any money? Wouldn’t it be nice to have a comma in your bank statement…
6 Reasons You Should Always Have $1,000 in the Bank

6 Reasons You Should Always Have $1,000 in the Bank

What do most people do when they have a $1,000 emergency? Based on my observations over the years, they… Set…
How to Build an Emergency Fund From Scratch

How to Build an Emergency Fund From Scratch

This time last year, CNBC reported on a startling study that stated 62% of Americans didn’t have enough emergency savings…
10 Extreme Tips to Cut Your Spending in Half

10 Extreme Tips to Cut Your Spending in Half

Are you fed up with being broke? Have you ever run out of money before the month was over? Are…