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Originally Posted by
Engineering
6k/month nahulog lang for emergency use.. never been touched pa nah dili lang ko mo sulti pila na katuig.. kay kun mahilabtan aw dili na gyud nah matawag ug savings...
That is impressive Ms. Engineering. For 1 year alone you already have P72,000. Question is, is that enough as emergency fund?
The sample P72k may be either be small or enough or big for others since we all have different monthly expenses and income. So the best way is determine your average actual monthly operating expenses then multiplied by 12 months and if you already achieved that figure, then your emergency fund is enough.
The P6k/month then should be now general savings and if enough already, then it should go to your investment fund already