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How much of your income should be allocated for emergency purposes.
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[QUOTE="btaliat, post: 246120, member: 26390"] To be honest, I don't really have any fixed amount for emergency situations. I only make sure I have enough money to cater for the emergency periods. There are times that there will be serious emergency that will even go beyond more than I have, then, I depend on friends and family to sort those things out first. But I do make sure that I save at least 40% of my total income. I have a separate account I do save in and most time, I do save in crypto. This money I do dedicate them for emergency situations. However, rather than dedicating much money for emergency periods, I always make sure I run away from certain things that can make me spend unnecessarily. I do cut my clothes according to my cloth. I don't aleays get carried away with what others do. I am always contended with what I have. I know some people that even sill go to the extent of borrowing just to meet up with their pals. I make sure I find alternative ways of making money in order to augment the little I am making offline. I have to be working on some gigs online to make sure the money is enough. [/QUOTE]
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How much of your income should be allocated for emergency purposes.
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