Personal Finance Tip #8: Build an Emergency Fund

You should have a pool of money — in relatively liquid form — that you can access in a pinch. So that is why personal finance tip #8 is:

Build an emergency fund.

There are many different ways that people do this. The Digerati Life has a classic post on the different options for emergency funds, and an evaluation of each, that I find quite helpful.

This post is part of the b5media Business Channel Great Blog Off! Find out more about the Blog Off here: http://www.b5media.com/b5media-blogs-for-a-cause-and-raises-money-in-support-of-charity/

The Business Channel is supporting Accion International for the Great Blog Off. You can make a donation directly to Accion (http://www.accion.org/b5media). Donations are tax deductible.