21/03/2024
Client: Thank you ahh, minulat mo ako about Importance of Financial Planning lalo na yung sa Emergency Fund.
Me: You're very much welcome po! I'm happy that you learned something today ๐
So eto na nga,
To spread awareness about the Emergency Fund, it is a fund that is kept for emergencies; pwedeng para sa accident, sickness, house damage or kahit kapag biglaan kang nawalan ng trabaho.
So paano ba magkaroon nito?
If single ka and or do not have dependents yet, the calculation is dapat magtabi ka ng 3-6 months worth of expenses mo.
Meanwhile,
For those who already have a family, dapat the amount of Emergency fund mo na ay worth 6-12 times ng monthly expenses nyo.
Simulan mo sa pag-identify ng monthly expense then allocate a portion of your income based sa goal mo kung hanggang kailan mo gustong mabuo yung emergency fund mo. Hindi naman kailangan agad agad, consider mo paren yung monthly budget mo ๐ค
If you need help about budgeting, kindly PM me and I will be glad to assist โจ