Paano ba simulan at palakihin ang emergency savings?

Magsimula nang maaga. Simulan mo na ngayon, as in, now na.

Sa dalawang dekadang pagtuturo ko on financial education, it usually takes 18 to 30 months to build your emergency savings.

Follow the budgeting rule for savings. Save 10% of your monthly income if you earn below PhP20,000 a month; and save at least 15% of your monthly income if you earn more than PhP20,000 a month.

Make sure that the rate of increase in savings should always be higher than the rate of increase in expenses; para sure na laging may maiipon.

Gawing effortless ang pag-iipon. Gumawa ng sistema para hindi ka nahihirapang mag-isip. For example, set up automatic deduction allotted as emergency savings from your salary bank account to emergency savings bank account; or arranging automatic salary deduction for Pag-IBIG MP2.

As your financial guro, I highly advice that you allot 50% of your 13th month pay, bonuses or unexpected earnings to boost your emergency savings. Ang remaining half, puwedeng gastusin. You get to fully enjoy 100% of these kapag buo mo na ang target emergency savings mo.

Look for additional source of income para may ipon. Apply the 50-50 rule – Spend half and save the other half. This way maeencourage kang maghanap pa ng ibang source of income because you get to enjoy it and at the same time boost your savings.

Savings is the postponement of the pleasure of spending. Kaya ipagpaliban muna mga unnecessary spending tulad ng bagong gadgets, travel at iba pang pamporma.

Ako si Sir Vince, nagsasabing ang pagyaman, napag-aaralan at napagtutulungan.