Save six months of emergency cash
Yes! This point is so important for each and everyone of us before we decide to put into high priced items such as cars, real estate, investments and even luxury goods. I have to cater this pot of mine and it shall buffer me when there's a time of need.
I find that many of us do not have such buffer set aside and this is really very risky. Should one meet with a crisis, he may need to forgo quite alot of things and this should not be the way.
A guide
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If you earn $5k monthly, the set aside amount should be $30k and you mustn't touch it. Of course, some may say if I have pay increment, how? Gradually, you should also increase this emergency cash of yours.
Don't you find it more assuring if you have a sponge of $30k to back up behind you? Rather than nothing else. Hence, it will usually take about 1-2 years for a person to accumulate it. If he manages to complete it within less than a year, that's good news!
Kate
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My little girl has grown so fast and now she loves to blabber sounds, as if she is speaking in sentences. She loves to go outdoors with us and not only she shows her happy trademark smiles, she loves to kick and jump to display her happiness!!
Josh
-------
His command of Chinese language has increased and can speak short sentences such as '妈妈找不到'. And he now colours and draws too.
Our house has grown green bean plants and he loves to tear out the ripen bean pods and keep the green beans! I feel this is a good step to let him have an interest in gardening! Woohoo!
I find that many of us do not have such buffer set aside and this is really very risky. Should one meet with a crisis, he may need to forgo quite alot of things and this should not be the way.
A guide
---------
If you earn $5k monthly, the set aside amount should be $30k and you mustn't touch it. Of course, some may say if I have pay increment, how? Gradually, you should also increase this emergency cash of yours.
Don't you find it more assuring if you have a sponge of $30k to back up behind you? Rather than nothing else. Hence, it will usually take about 1-2 years for a person to accumulate it. If he manages to complete it within less than a year, that's good news!
Kate
-------
My little girl has grown so fast and now she loves to blabber sounds, as if she is speaking in sentences. She loves to go outdoors with us and not only she shows her happy trademark smiles, she loves to kick and jump to display her happiness!!
Josh
-------
His command of Chinese language has increased and can speak short sentences such as '妈妈找不到'. And he now colours and draws too.
Our house has grown green bean plants and he loves to tear out the ripen bean pods and keep the green beans! I feel this is a good step to let him have an interest in gardening! Woohoo!
