Emergency fund is another important part of money management. Simply because there are so many unexpected circumstances in life.
Some examples are urgent medical needs, car broke down and job loss.
Majority of these unexpected circumstances require financial needs.
With emergency fund, it can cushion our financial needs while we tend to these unexpected circumstance.
While, without emergency fund, most probably we will rely on credit cards.Or borrow from our relatives or friends.
don’t recommended both of these in proper money management. Especially on credit cards.
Because, using credit cards without proper planning could result in huge debts.
In this post, I will be sharing how to start an emergency fund. This is related to my previous post, where I wrote about how much do you need for your emergency fund. How to start an emergency fund? So, let us start on how to start an emergency fund. Firstly, calculate the actual amount …
In this post, I will share my view on how much emergency funds do you need. What is an emergency fund? Before we go further, do you have an emergency fund? If you are not sure what is an emergency fund, it is money put aside to cater for unexpected events in life. Among the …
