Posts tagged ‘where to put emergency fund’

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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Wrong Places to Put Your Emergency Fund

Updated: June 15, 2020 | Personal Finance | 9 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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Emergency Fund Calculator: How Much Money Do You Really Need To Save?

Updated: April 26, 2018 | Personal Finance | 27 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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