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5 tips for recent college grads – emergency fund

Make saving up a few months’ worth of living expenses an immediate priority after graduation. Having money saved in an account is always the best safety net if any unforeseen circumstance puts you in a place with less income. Remember that your living expenses do not need to equal your take-home pay. Only look at your fixed costs (which as we previously stated should be close to 50 percent of your regular budget), not savings and contributions.

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