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Return to TOC Previous: Take some time off Save like a mad man leading up to the separation Everyone needs a rainy day fund. Most financial advice that I have read indicates that you should have 3-6 months of living expenses put aside. You will need instant access to this money. Most institutions affix fees to CD’s and bond funds and might have early withdrawal penalties. It might be best to put your family’s emergency cash in a safe deposit box or a firebox, which you keep at the house of a family member. Start putting some money aside for those events that come up in ones life. If you can trust yourself completely, go get a small firebox that locks with a key. Put as much cash away as possible. This will be used for small purchases such as groceries, gas, school lunch money, haircuts, etc. Next: Pay off or renegotiate debt in your name |
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