💰 How important is the Emergency Fund?
As we call it, "emergency reserves" sounds a long way off, but it's actually the financial lifeline that everyone should have.
🌧 Because life is uncertain, sometimes income can stumble, or there are unexpected reasons, such as a broken car, falling ill, or having to fix a house urgently. Without this money, we may have to rely on credit cards or debt accidentally.
✨ the Emergency Fund help us?
1 makes "no recovery" when there is an emergency.
2 helps to be "comfortable" because there is a buffer that supports life.
3 Helps "money plans not break down" because they don't have to draw long-term savings.
How much 📍 should there be?
• If regular income → 3-6 times monthly expenditure
• If freelance occupation → 6-12 times monthly expenditure
💡 can start with a little bit a month, like 10% of income, and then gradually fill every month, and when the goal is met, you'll know that mental stability exists. 🩶
