Have You Started Building Emergency Funds

[Nomad]

Have you started building an emergency fund, or do you already have an emergency fund. While building an emergency funds, how do you decide how much to put into it? When you use your emergency, do you start rebuilding it? Well, I do have an emergency funds but it is very small, like it can only pay my bills for one month. They say your emergency funds should pay your at least 4 months bill.

 

[freelancermaria]

I have just started recently and the amount I have saved so far for my emergency fund is small. I am not earning much so the amount I get to set aside for it is limited.

 

[Suba]

Since I can make money, I have started collecting emergency funds, because the emergency fund has exceeded the target, I allocated it to blue chip stocks, the ideal emergency fund for singles is 4-6 months of monthly needs.

 

[Springtime]

I currently have an emergency fund, sufficient enough to survive without income for three months. I think I will continue to save and put some money in the emergency fund because you never know how much money you need if you encounter unexpected events.

 

[eLdavis]

I started a while back, but an emergency came up that i had to spend it on. Am working towards starting another one pretty soon though.

 

[Min George]

It is not easy for someone to build an emergency fund now. I personally have not yet started building an emergency fund yet.

 

[kit_hung]

Since I can make money, I have started collecting emergency funds, because the emergency fund has exceeded the target, I allocated it to blue chip stocks, the ideal emergency fund for singles is 4-6 months of monthly needs.

Bro you are on the right financial path. Starting an emergency fund is a very wise step and once you reach your target it is smart to invest in blue chip stocks. This increases the value of your money.

For a single person four to six months of expenses is ideal. Don't forget to keep checking the market and make sure your investments are balanced. This is a way to build a future without pressure. Fight with your mind.