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AUXILIARY EMERGENCY FUND Avon Schulman, Department Chairman P. O. Box 171, Bailey, WI 53801 Email: rum runner TDS.net pH. 6089962575 1. Citation and Lapel Pin recognition. Presented at Department
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Determine the purpose of the auxiliary emergency fund.
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Decide on the amount of money to allocate for the fund.
03
Open a separate savings account for the auxiliary emergency fund.
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Set up automatic transfers to the fund on a regular basis.
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Track your progress and adjust the contributions if necessary.
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Only use the fund for genuine emergency expenses.
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Replenish the fund as soon as possible after using it.
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Regularly review and update the fund's purpose and allocation as needed.

Who needs auxiliary emergency fund?

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Anyone can benefit from having an auxiliary emergency fund.
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It is especially important for individuals or families living paycheck to paycheck.
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People with unstable or irregular income should have an auxiliary emergency fund.
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Self-employed individuals should prioritize having a separate emergency fund.
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Individuals without strong social support networks or safety nets benefit from having one.
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Emergencies can happen to anyone, so it is wise for everyone to have an auxiliary emergency fund.
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Auxiliary emergency fund is a reserve fund set aside for unforeseen emergencies or unexpected expenses.
Businesses and individuals who are mandated by law or regulation to have an auxiliary emergency fund are required to file it.
Auxiliary emergency fund can be filled out by providing detailed information about the amount of funds allocated, the purpose of the fund, and any relevant financial information.
The purpose of auxiliary emergency fund is to provide financial support in case of emergencies or unexpected events.
Information such as the amount of funds allocated, the purpose of the fund, and any relevant financial details must be reported on auxiliary emergency fund.
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