Emergency fund: Magkano ba talaga dapat para maging sapat?

Maybe it’s high time that you treat your emergency fund just like any other bill.

When it comes to saving, like for an emergency fund, there's no such thing as being "too late."

Kung concerts nga kaya mong diskartehan, siguradong kayang-kaya mo rin bumuo ng emergency fund. It’s pretty much like saving up for anything, whether a new gadget or experience, except this one is crucial for your peace of mind and stability in the long run.

At first, building an emergency fund might seem too “adult” and may trigger uncertainty ‘cause you’re saving up for a future you can’t envision yet. But with the right approach, it’s entirely achievable.

Here’s a step-by-step guide to help you get started:

Set a realistic goal for your emergency fund. Ito na ang sagot sa tanong mo: aim to save at least 3 to 6 months’ worth of living expenses. Break this down into smaller, achievable milestones to track your progress.

Treat your emergency fund like any other essential expense. Isipin mo na lang na para kang nagbabayad ng pangalawang Meralco, an additional bill to your list of living expenses. Consider automating your savings to ensure consistency and ease.

If necessary, cut back on some expenses to boost your emergency fund. Review your budget and identify areas where you can trim unnecessary spending. Maybe you have some unused streaming subscriptions or shift your food delivery budget to somewhere else, like your emergency fund. Remember, every coin saved brings you closer to your goal.

Separate your emergency fund from your regular savings account. Consider opening a high-yield savings account for easy access while still earning some interest.

Stay committed to it. Be patient and stay committed to your plan! Just like anything worthwhile, building an emergency fund takes time and discipline, but the security and peace of mind it provides are invaluable.

When you finally have an emergency fund you’re working towards, you’re not just saving like usual — you’re investing in your future with resilience and peace of mind. To reach your goals, you count on Lista, your trusty budgeting app, to push you to save big in 2024!

So, start today, prioritize your financial security, and watch your safety net grow stronger with every Peso saved para handa at confident ka lagi for whatever life throws your way!