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How to stop living paycheck-to-paycheck
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True or false: You should never start saving until you've paid off all your debt.


Although it's a good idea to making paying off high-interest debt a priority, you should consider saving some money even if you still have some smaller, more manageable debts.

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True or false: Money for an emergency fund should always be kept in the highest interest account you can find.


Earning interest is important, but not as important as having the cash available if you need it. Make sure you put the money in an account that won’t charge you for accessing it, like savings or money market account.

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Key Takeaways

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  • Try to get started on saving by committing to save just 1 percent of your income over the next month
  • Consider saving a regular amount by adding your savings account to the list of bills you pay monthly
  • Remember that a good first step for paying bills on time is to make a list of each monthly bill you have and when it’s due
  • Remember that creating an emergency fund is as much about cutting spending as saving money