Emergency Fund

[hazedhaze]

the rest pinapaikot ko para lumaki. and the harder for me to access it, the better. it means hindi ko talaga magagalaw. tiis tiis lang for the future. i want to retire by 40! LOL.

Dapat talaga the harder to access, the better. Para malayo sa tukso. Kaya ako, di nako sa ATM naglalagay ng savings. Ang dali mag-withdraw lang eh.

40 na kayo mag-reretire? Grabe aga! Anong gagawin ninyo pagtapos? Siguro mga until 75 buhay pa kayo, 25 years pa yun. Gumamit ako ng financial calculator to compute my insurance needs, lumabas sa retirement fund, 20.8M. Yun eh kung di mag-iincrease ang aking annual expenses, which I highly doubt. Haay. Must really start on planning my finances.

Edit: Ang compute ko pala niyan, hanggang 55 ako mag-work, tapos hanggang 75 ako buhay.

[justineo]

gusto ko din neto kaya lang as of now hindi pa kaya ng salary, meron pa din mga binabaayaran. But as soon as matapos ako sa kanila, I will start to save and have an emergency fund.

My mom also has "stress" fund lol para anytime she feels stressed and she wants to relax and go shopping, dun sya kukuha. 

[stormy]

^like ko yan stress fund pero araw2x ko yan mauubos wala na ako pang emergency

[justineo]

^ako din! Hehe pero emergency fund muna. Kaya lang sa dami ng dapat pag-ipunan di mo na alam anong uunahin

[hazedhaze]

Ang cool nung stress fund! Gusto ko rin niyan!

[yaskulet]

Yay ako din mag create ng stress fund kahit barya lang mababaw lang naman kaligayahan ko!

OT: sis haze sa lahat ata ng thread andun tayo (savings and investment) LOL.

[curandera]

Ako rin binubuo ko yung Emergency Fund ko.  Hirap mag-ipon pero sige lang kaya naman... sacrifice lang talaga muna...     

[hazedhaze]

@yaskulet haha! Oo nga! Mukha kasi tayong pera! CHARING! Hahaha!

@curandera Go go go! Ako sinasabay ko yung emergency sa MF. Hehe. Tatay ko pa naman nagpapakain sakin eh, so medyo keri pa.

[aishen1208]

^may nabasa ako na you can also put your emergency fund sa bpi time deposit na naka ATM.  Pag di nagalaw ang money you will earn 3.25% in a year, pag nagalaw mo naman 1.5% na lang ang interest.  Minimum is P50k...so you can withdraw pag need mo kasi nga naka ATM naman...

[hazedhaze]

^MaxiSave/Saver ata yun sis. Actually, I was planning to put some of my money there before, kasi more liquid siya and yun nga, pag di mo nagalaw in 1 month, may bonus na 1% p.a. interest. Pero di ko alam na may bawas pala pag nagalaw mo.

Medyo malaki yung minimum amount kasi it works like a TD talaga.

[aishen1208]

^thanks for the info sis...sige baka ganun na nga rin gawin ko, at least liquid...anytime pwede kunin, at the same time it function as time deposit.  will inquire at bpi pag malaki na emergency fund ko

[hazedhaze]

^no prob, sis. Maganda talaga siya for the people na habol eh liquidity. Sana nga lang, wag magalaw yung pera soon para may bonus.

[GuardianDC]

You have an emergency fund. Now what?

Make it a habit: Start the year with an emergency fund

[showermist]

yup, i have emergency fund.  dati enough for 6mos lang at dati mas mababa.  ngayon nagdagdag ako until one year tapos mas mataas na yung monthly allocation kasi mas mataas na yung expenses ko.  so far so good.  at nagamit ko ito when my mom passed away last sept2010 lang.  for emergency talaga.

it really pays to have something for emergencies.

[kaiz]

^^good read. thanks for sharing Guardian DC

[-munchkins12-]

Guys what's MF? sorry di ko po alam. Naaliw naman ako sa thread na to, basta money matters talaga exciting. Hehe! Nagustuhan ko rin yung stress fund. Hehe! Then i remember, last month i run out of moisturizer, buti na lang me EF so i borrowed from it, which reminds me di ko pa napapalitan.

[wickedbone]

count me in! i am thinking of investing in mutual funds and availing of insurance. bf has both and aside from the MF and insurance, he also has other emergency funds (na never nya pa ginalaw maski nung times na paycheck to paycheck sya.. lol). nakaka-inspire lang.. hoping to discuss this with him soon! i like that magaan sa bulsa yung insurance nya.. only 5K+ every quarter.. it's withdrawable, which can be both good and bad depende sa yo.. good kung kelangang kelangan mo na talaga ng fund.. bad kung wala kang control..

[showermist]

-=munchkins12=-,  MF  is mutual fund

[-munchkins12-]

^sis thanks po!

[hazedhaze]

@wickedbone That's good to hear! Yung insurance premium naman dependent on the benefits and face amount you're getting and your age. Customizable siya dependent on your budget. Sabi ng mga agents ko, unahin ang emergency fund then cover the base of your protection first especially if you have dependents.

There's a thread on that: Life Insurance or Retirement Fund para mas marami ka matutunan about it.