Posts tagged ‘emergency fund’

Building An Emergency Fund On A Low Income

Published: July 10, 2018 | Guest Posts, Money Saving Tips | No Comments

When competing with the rising costs of living and a low income which doesn’t appear to get any bigger, life can be stressful. With generation rent & debt (i.e. the millennials) becoming a prominent news headline, it’s difficult to know where you stand when it comes to saving for your future or living in the […]

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Wrong Places to Put Your Emergency Fund

Published: June 6, 2018 | Personal Finance | 6 Comments

The other day, someone asked on Facebook: “Where should I put my emergency fund? I don’t want it just to be in a savings account because it’s not earning much there. Is there a better place to park it?” I browsed through the comments section and read a lot of horrible answers. When I say […]

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Reader Mail #35: Investing is Risky if you Don’t Save

Updated: February 2, 2018 | Reader Mail | 1 Comment

Someone recently asked me where he should invest. Specifically, he’s asking me if putting money in the stock market is a good idea. Ask me if it’s a good time to invest in the stock market, and I would always say, “YES!”. But what’s important is not really the status of the market or the […]

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9 Mistakes People Commit When Building an Emergency Fund

Updated: August 10, 2018 | Personal Finance | 2 Comments

It’s important to have an emergency fund and the sooner you finish building yours, the better your finances will be. Short-term medical expenses, important home repairs, job loss — these are just a few circumstances when your emergency fund becomes useful. That’s why having one can really make your life less stressful; knowing that there’s […]

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What To Do When You Need Cash and You Don’t Have an Emergency Fund

Updated: July 21, 2018 | Personal Finance | 13 Comments

Financial emergencies can happen anytime. Without warning, you can lose your job, get sick and be unable to work, run into an accident and be hospitalized, your stuff can get stolen, or your car or home can suddenly need major repairs. These are just a few reasons why it’s important to have an emergency fund. […]

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What To Do When A Financial Emergency Happens

Updated: August 24, 2018 | Personal Finance | 6 Comments

Unexpected circumstances is life’s reality and sometimes, it hits us hard when we least expect it. Financial emergencies come in many forms – it can be as minor as our mobile phone getting lost, or our car needing immediate repairs. Or it can be as major as our home being devastated by a natural disaster, […]

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Emergency Fund Calculator: How Much Money Do You Really Need To Save?

Updated: April 26, 2018 | Personal Finance | 22 Comments

How much money should you save as your emergency fund? The simplest and most basic answer is 6 months worth of your income. The rationale behind this figure is because it normally takes around 6 months to look for new work in the unfortunate event that you lose your job. But of course, not everyone […]

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Do You Make These 3 Investing Mistakes?

Updated: February 21, 2018 | Investing | 15 Comments

Investing enables us to make money work for us, instead of just the other way around. How hard that money works and how much it earns in the future, usually depends on our ability to make good and sound investment decisions. That’s why it’s important not only to set aside money for investing, but also […]

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What Should You Do With Your Christmas Bonus?

Updated: December 12, 2017 | Personal Finance | 11 Comments

The first half of December is upon us and for almost everyone working in the corporate world, it means that their 13th month pay and Christmas bonuses have already arrived. For a lucky few, there would also be the 14th month pay and beyond – along with other year-end bonuses. With this much money, I’m […]

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The Three Most Often Ignored Necessary Expenses

Updated: June 23, 2018 | Personal Finance | 4 Comments

Part of being financially smart is distinguishing between necessary and unnecessary expenses. We all know that food and shelter are basic necessities. Clothing too, but only to a reasonable extent. And depending on our lifestyle, there may also be other essential costs that we need to pay for. But along with these, did you know […]

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How To Build An Emergency Fund And Why It Is Important

Updated: January 12, 2018 | Personal Finance | 36 Comments

Having an emergency fund is a necessity for everyone. It’s quite common sense to always have readily available cash for unforeseen expenses. However, despite this fact, many do not have an emergency fund. And even if they do, it’s usually not enough. I asked some friends if they have an emergency fund and fortunately, 6 […]

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