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Tip 16: Sinking Fund vs Emergency Fund: What's the Difference? #ExperianFinancialLiteracy
Sinking funds help you save for specific planned purchases, while emergency funds provide you with a safety net for unplanned expenses. Both help you avoid going into debt when you need to pay for a purchase or unexpected expense. Read full article here: https://www.experian.com/blogs/ask-experian/sinking-fund-vs-emergency-fund/
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