Intelligentsia

Future filled with uncertainty. You must be smart to keep yourselves, both in the present and future. Prepare an emergency fund to deal with uncertainty in the future with an emergency savings that can be used when needed. Here are 10 steps you can apply to start creating an emergency funds:

1. Calculate how much you spend each month.

2. Create an emergency fund savings target for about 3-6 times the cost of living per month.

3. Set aside a little money from the monthly income. Adjust the size with capability.

4. Save money in the form of money market accounts, high-interest savings accounts and money market mutual funds.

5. Treat your emergency fund as one of the bills to pay every month so motivated.
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In order to get comfortable life and do not need much cost, and then save or put aside for savings some of your income is required. Thus, the future of you and your family will be protected. Then, how should the percentage of your monthly salary divided?

According to the business and financial practitioners, percentage that have saved or saving ratio ranges from 10-50 percent. The calculations based on the following three aspects.

First, the amount of savings fund that is owned today. Second, amount of remaining installments. Third, financial goals to be achieved within the next 5-25 years. From there, you can divide the savings for some purposes, namely;
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We know that credit cards facilitate our activities, but if not used wisely, it will also make us get into big trouble. If you do not do the following four things, you will be free from the temptation to spend too much and the cost burden.

1. Just pay the minimum payment.
It seems this feature is easier to pay the debt according to ability, but its side effects (which is less fun, and it became the purpose of credit card issuing bank) is to prolong your debt. Rates will increase, thus increasing the amount of your overall debt.
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