EMERGENCY FUND I always say that Pay Yourself First, The idea is to Save first before you Spend what is left. Make it a habit until you master the activity. Save 30% of your Income and the rest 70% spend it for your necessity, prioritizing your needs and controlling the wants. This time build your Emergency Fund , as much as possible 3 to 6 months equivalent of your salary is better. Buy only needs, delay the wants. Save and add it to your Emergency Fund. Remember this fund is only for emergencies in life. Put this Fund in your Savings account (Short term) and 50% of this fund you may diversify into Time Deposit, UITF or Treasury Bill.
Posted on: Sat, 02 Nov 2013 10:55:59 +0000
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