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Should I regularly review and adjust the amount in my emergency fund?

Curious about budgeting

Should I regularly review and adjust the amount in my emergency fund?

Yes, it is important to regularly review and adjust the amount in your emergency fund. As your financial situation changes, your emergency fund needs may also change. For example, if you have a new baby, you may want to increase your emergency fund to account for unexpected expenses related to the baby.

Additionally, if you use your emergency fund, you should make sure to replenish it as soon as possible. It is also a good idea to review your emergency fund at least once a year to ensure that it still meets your needs and financial goals.

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