Hello Friend,

In the "Top Reasons Why You Need Emergency Money" blog, it was discussed that having an urgent fund is important. So, you probably know that this should be one of your financial priorities, right? Chances are, you’re probably even considering starting now. However, do you know how?

If you have no idea how to start, here are the simple steps you have to take.

Review Your Income and Fixed Expenses Then Calculate

Ideally, we need to think about taking our savings first from our gross income before planning how to delegate the rest for our expenses. However, in the practice of planning, this is impossible to do, especially if you have no idea what your future expenditures are.

For you to effectively plan your budget, know first all of your expenses. It’s better if you put all of your notes in an affordable mini-sized memo notebook that’s portable enough for you to keep in small spaces or bring anywhere.