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 […]
Tags: do i need an emergency fund, emergency fund article, emergency fund benefits, emergency fund examples, emergency fund size, emergency fund use, Personal Finance, where to put emergency fund
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 […]
Tags: emergency fund, emergency fund size, how much emergency fund, Personal Finance, save money, savings
Hi, my name is Fitz Villafuerte and I’m a Registered Financial Planner living in the Philippines. In 2007, I started this blog to help people learn how to achieve financial freedom. Read my story here.
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