Do You Have Emergency Fund?

[RicAngelo]

Covid 19 teach us a lot of things, mostly about how to survived in a hard situation. And this pandemic also remind us how importan of having emergency fund. A lot of people losing their jobs, and with this fund you can survived untill you get the new job.

How about you? Do you have emergency fund or not? Or you dont think you dont need it at all?

 

[puroypoi]

Got no emergency fund because I got no regular income.

 

[RicAngelo]

Got no emergency fund because I got no regular income.

I see, when you have regular income, you have to make sure you have it. Its really helps a lot in emergency condition.

 

[hastral45]

Everybody should be endeavoring to set aside certain percentage of his income as emergency fund. This would be used as a reprieve in case of any unexpected crisis occur.

Post automatically merged: Dec 22, 2022

Everybody should be endeavoring to set aside certain percentage of his income as emergency fund. This would be used as a reprieve in case of any unexpected crisis occur.

 

[RicAngelo]

Everybody should be endeavoring to set aside certain percentage of his income as emergency fund. This would be used as a reprieve in case of any unexpected crisis occur.

Post automatically merged: Dec 22, 2022

Everybody should be endeavoring to set aside certain percentage of his income as emergency fund. This would be used as a reprieve in case of any unexpected crisis occur.

Indeed, cant agree more. Emergency fund for me is really useful , in this case after covid 19 business was not running so well, at it helps a lot.

 

[Starmix]

In my country, we always have PHILHEALTH and mutual funds for others.

 

[cherry123]

Got no emergency fund because I got no regular income.

But you can still save from your irregular income maybe just a little from them

 

[RicAngelo]

In my country, we always have PHILHEALTH and mutual funds for others.

We have the same thing for health facilities and funds for people who need the most.

So back to my question, do you have emergency fund for yourself, Erly?

 

[Starmix]

Yes, I have worth 300,000 pesos emergency fund.

 

[eldavis]

I cant really say i have an emergency fund kept somewhere though, but i am seriously working on getting one and of cause my savings we well, with time.

 

[Shavkat]

It is sad to say that I am struggling in this part. But I am trying my own ways to cope up lately. I am sure it is also the same thing with the others.

 

[SHAHID987]

Emergency fund is something which becomes an essential requirement in present age even in normal and controlled situation we need to have this because sometime things changes suddenly.

 

[RicAngelo]

Yes, I have worh 300,000 pesos emergency fund.

Last month my mother in law passed away, we have to went to her house by plane, in Indonesia, Domestic Flight the ticket is really expensive now. thank God we have emergency fund to cover all of that.

 

[rubesh]

I have always had it, and it has been a great help during crucial moments of my life.

 

[Carson20t]

The problem i have is that there is alot of cash burn rate on my end hence it has been too difficyulty to classfify my money.Hence my aim to continue to build on the positive cashflow.I have been building on this and it has not been all that easy from time to time but i hope to improve on it by escalating my financial discipline .

 

[RicAngelo]

I have always had it, and it has been a great help during crucial moments of my life.

Thats amazing, we have to do this for crucial moments, like i said before its help a lot when that time comes.

 

[puroypoi]

I see, when you have regular income, you have to make sure you have it. Its really helps a lot in emergency condition.

Yes I will do that should I will get a stable income.

Post automatically merged: Dec 22, 2022

But you can still save from your irregular income maybe just a little from them

Yeah maybe, but I think it will be a challenge to do that.

 

[Stardom22]

Currently I don't have one but I am planning to have an emergency fund cause it's a very important thing.

 

[RicAngelo]

Yes I will do that should I will get a stable income.

Post automatically merged: Dec 22, 2022

Yeah maybe, but I think it will be a challenge to do that.

I wish you luck my friend and you have to save your money for emergency fund. Its a must and really help when i needed it.

 

[Niyi Briggs]

It is important to have an emergency fund that you can dip into in times of desperation. I have mine and I service it every month.