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 --------- 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 f...
