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How much of your income should be allocated for emergency purposes.
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[QUOTE="TOZZIBLINKZ, post: 244257, member: 37528"] By definition a situation or a condition that is totally considered to be an emergency is probably something that totally needs urgent attention and if not urgently attend to could absolutely make the existing subject or victim experience something devastating or disappointing . In today's present system of things there are a lot of things that may be considered as emergency to us for example an emergency could come in the form of you getting sick and possibly need medical treatment urgently , encountering an unexpected visitor and absolutely need money urgently to make him or her feel at home , encountering a legit and flexible online investment and could probably need money to urgently invest , encountering due bill payments and could probably need money to pay off The Bill .etc . These are just a few of emergency that we have to face in our lives and one thing is that emergency can unknowingly happen and is usually totally uncalled or unforeseen . Majority of people have been asking themselves that , since emergency is totally inevitable in life how much of the income should they speculated so as to handle this emergency when they occur . First and foremost I want to emphasize that there is absolutely no amount of money that should be speculated and kept for the handling of emergency purposes but what is advice is that the money kept should be of reasonable and long lasting value . Also another thing that is advice is that , the money in particular should absolutely surpass the amount of money you spend on daily needs and wants . [/QUOTE]
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How much of your income should be allocated for emergency purposes.
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