Posts tagged ‘emergency fund size’

10 Common Life Events That Require an Emergency Fund

Updated: November 4, 2019 | Personal Finance | 1 Comment

Everyone needs an emergency fund, which should be at least 6 months worth of your monthly expenses. That is, if you spend P30,000 a month, then your emergency fund should amount to P180,000 (or even a little higher). A lot of people find it hard to save that much money. They’ll be able to save […]

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9 Mistakes People Commit When Building an Emergency Fund

Updated: August 18, 2020 | Personal Finance | 3 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 make your life less stressful; knowing that there’s money […]

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