Comments on: How To Build An Emergency Fund And Why It Is Important http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html Business, Investments and Personal Finance Tue, 22 May 2012 03:42:39 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Lessons From The Steps To Financial Peace Seminar http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-39255 Lessons From The Steps To Financial Peace Seminar Mon, 15 Aug 2011 11:01:18 +0000 http://fitzvillafuerte.com/?p=1206#comment-39255 [...] an Emergency Fund Spend less than what you’re earning so you can save and build your emergency fund. This is your essential first line of financial [...] [...] an Emergency Fund Spend less than what you’re earning so you can save and build your emergency fund. This is your essential first line of financial [...]

]]> By: Are You Ready To Invest? http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-36667 Are You Ready To Invest? Mon, 11 Jul 2011 03:48:23 +0000 http://fitzvillafuerte.com/?p=1206#comment-36667 [...] you survive 6 months without a job? Build your emergency fund first before investing. You never know when you’ll suddenly need money, and the last thing [...] [...] you survive 6 months without a job? Build your emergency fund first before investing. You never know when you’ll suddenly need money, and the last thing [...]

]]> By: Fitz http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-33853 Fitz Mon, 13 Jun 2011 18:02:54 +0000 http://fitzvillafuerte.com/?p=1206#comment-33853 Hi Melissa, three months worth of your emergency fund should be in a simple savings account so that it will be easily accessible when needed. The rest of the amount, you can invest it already in zero or low risk instruments. :D Hi Melissa, three months worth of your emergency fund should be in a simple savings account so that it will be easily accessible when needed. The rest of the amount, you can invest it already in zero or low risk instruments. :D

]]> By: Melissa http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-33800 Melissa Mon, 13 Jun 2011 02:20:56 +0000 http://fitzvillafuerte.com/?p=1206#comment-33800 Good day! I've been reading your blog and I was hooked. Anyway, I would like to ask your advise. I just started working and I'm saving up coz I'm planning to have a special deposit account with BPI as my investment. Since, I've read your blog about emergency funds, I now have doubts on whether I'd open a BPI account or posond it since I still don't have an emergency fund. I am also considering to continue with the SDA with BPI and condider it as my emergency fund..will that be wise? Good day!

I’ve been reading your blog and I was hooked.

Anyway, I would like to ask your advise. I just started working and I’m saving up coz I’m planning to have a special deposit account with BPI as my investment. Since, I’ve read your blog about emergency funds, I now have doubts on whether I’d open a BPI account or posond it since I still don’t have an emergency fund. I am also considering to continue with the SDA with BPI and condider it as my emergency fund..will that be wise?

]]> By: Reader Mail #18: Smart Money Moves With Your Savings http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-31188 Reader Mail #18: Smart Money Moves With Your Savings Wed, 13 Apr 2011 21:40:48 +0000 http://fitzvillafuerte.com/?p=1206#comment-31188 [...] And even if you already have work and a salary or income that’s coming, remember that you still need to build your emergency fund. [...] [...] And even if you already have work and a salary or income that’s coming, remember that you still need to build your emergency fund. [...]

]]> By: Reader Mail #17: I Want To Quit My Job And Start A Business http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-27318 Reader Mail #17: I Want To Quit My Job And Start A Business Sat, 29 Jan 2011 05:10:22 +0000 http://fitzvillafuerte.com/?p=1206#comment-27318 [...] I would personally suggest that you first try to build an emergency fund because as you’ve said, you have no [...] [...] I would personally suggest that you first try to build an emergency fund because as you’ve said, you have no [...]

]]> By: The Three Most Often Ignored Necessary Expenses http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-4010 The Three Most Often Ignored Necessary Expenses Mon, 07 Jun 2010 23:06:44 +0000 http://fitzvillafuerte.com/?p=1206#comment-4010 [...] Know more: How To Build an Emergency Fund [...] [...] Know more: How To Build an Emergency Fund [...]

]]> By: An Investing Guide for People Who Are Afraid to Invest http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-4009 An Investing Guide for People Who Are Afraid to Invest Thu, 04 Mar 2010 23:31:39 +0000 http://fitzvillafuerte.com/?p=1206#comment-4009 [...] a savings account has three purposes. First, to build your emergency fund. Second is to teach you how to control your spending. And third, to help you appreciate the value [...] [...] a savings account has three purposes. First, to build your emergency fund. Second is to teach you how to control your spending. And third, to help you appreciate the value [...]

]]> By: » Looking Back Through Week 5 http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-4008 » Looking Back Through Week 5 Thu, 07 Jan 2010 19:12:09 +0000 http://fitzvillafuerte.com/?p=1206#comment-4008 [...] [...] [...] [...]

]]> By: Ryan Garaygay http://fitzvillafuerte.com/how-to-emergency-fund-why-important.html#comment-4007 Ryan Garaygay Sat, 25 Jul 2009 17:12:34 +0000 http://fitzvillafuerte.com/?p=1206#comment-4007 Worth mentioning is that there is a Maxi-Savers product of BPI now where you have an ATM if you do need it right away, higher than regular savings (starting at 1.375% pa) plus 1% bonus p.a. for that month if you don't withdraw from it). The minimum is 50k (though 25k for BPI Family). Nevertheless looks like a good balance between easily accessible money but not too tempting to spend because of the 1% bonus. :) I think the first step is really knowing your monthly expense, come up with emergency fund based on that. Then invest the rest. Thanks for all the info shares Fitz, keep them coming :) Worth mentioning is that there is a Maxi-Savers product of BPI now where you have an ATM if you do need it right away, higher than regular savings (starting at 1.375% pa) plus 1% bonus p.a. for that month if you don’t withdraw from it).

The minimum is 50k (though 25k for BPI Family). Nevertheless looks like a good balance between easily accessible money but not too tempting to spend because of the 1% bonus. :)

I think the first step is really knowing your monthly expense, come up with emergency fund based on that. Then invest the rest.

Thanks for all the info shares Fitz, keep them coming :)

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