Should I prioritize my emergency fund or retirement savings?
It's important to have both, but generally, you should prioritize your emergency fund first.
Why is the emergency fund more important?
An emergency fund provides financial security for unexpected expenses, preventing debt.
How much should I have in my emergency fund?
A common recommendation is to save 3 to 6 months' worth of living expenses.
Once I have my emergency fund, how much should I save for retirement?
After establishing your emergency fund, aim to save at least 15% of your income for retirement.
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