Do You Have Emergency Fund?

[RicAngelo]

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.

Glad to know that, keep up the good works my friend. I do this every month too.

 

[AmazingJob]

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?

I got no emergency fund for now. I am paying monthly amortization fee. I wish I can start saving for it this month.

It is important I can definitely understand it's importance. Hoping I can start it!

 

[Starmix]

I spent 50% of my salary sabbing for an emergency fund. It is somehow important to have some savings converted into an emergency fund.

 

[RicAngelo]

I got no emergency fund for now. I am paying monthly amortization fee. I wish I can start saving for it this month.

It is important I can definitely understand it's importance. Hoping I can start it!

Hoping you can start soon my friend, its really helps a lot in hard situation. When my mother in law passed away, we used this fund to cover all the expensive cost.

 

[hastral45]

Emergency fund does pay very well. It helps to leverage you in time of unanticipated crisis. You have something to fall on when all hope seem lost.

 

[RicAngelo]

I spent 50% of my salary sabbing for an emergency fund. It is somehow important to have some savings converted into an emergency fund.

Wow, thats amazing Erly, you did a great job and you did great job finding side income.

Spent 50% on emergency fund is really amazing. I wish i could do that in the future

 

[Springtime]

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 alI

Post automatically merged: Dec 23, 2022

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?

I think emergency fund is necessary and I have it.

 

[RicAngelo]

Emergency fund does pay very well. It helps to leverage you in time of unanticipated crisis. You have something to fall on when all hope seem lost.

So it means you have it, right. Yes, emergency fund its really help a lot. Last month my mother in law passed away and she was live in another city and island, so emergency funds cover all cost (plane ticket etc)

 

[Starmix]

Wow, thats amazing Erly, you did a great job and you did great job finding side income.

Spent 50% on emergency fund is really amazing. I wish i could do that in the future

Save at least 5 percent of your total income or more than that then withdraw and convert it gradually to emergency fund.

 

[RicAngelo]

Post automatically merged: Dec 23, 2022

I think emergency fund is necessary and I have it.

Its always nice to know that you have it. You save it monthly or what?

 

[Springtime]

Its always nice to know that you have it. You save it monthly or what?

Yes, I save a portion of my income on a monthly basis.

 

[RicAngelo]

Save at least 5 percent of your total income or more than that then withdraw and convert it gradually to emergency fund.

Noted, usually i just divided into regular bills first, daily needs, saving and emergency fund at last

 

[freelancermaria]

I have learned some valuable lessons from the COVID pandemic, one of which is the importance of having an emergency fund. I have only recently started building my fund, so it is not quite substantial yet.

 

[You]

Absolutely, having an emergency fund is a crucial part of my financial plan. You never know when unexpected expenses like medical bills, home repairs, or job loss could arise.

 

[Sanjeev]

Yes, I have emergency fund. Who knows when someone have an emergency so emergency funds are always helpful.

 

[nomad]

Yes, I have emergency funds but it is very small, it can pay my only one months bills. I have investment portfolios and if I need money, I sometimes sell my assets

 

[Etini Willie]

I don't have emergency funds as at yet. There are certain basics that I need to set up. Would start saving for an emergency fund next year.

 

[Hate2Wait]

I have started with it but then used it for personal things and now I again need to start with it and it's quite useful

 

[Starmix]

Emergency fund is also another must thing to be done by us even if we have the health insurance.

 

[Hate2Wait]

It's a good thing to have an emergency or contingency fund and that can help you save some money separately and will help you in any contingency