I have read that one needs to save about 20% income every month. But, does it include the emergency fund too? Or, do I have to save for the rainy days separately? I am a little confused. Any suggestions please.
You need to save 20% of your
income every month for your emergency fund only. You do not need to save
for the rainy days separately. If you can save 20% of your monthly
income, then I think it's enough.
Hi Dittron! I would suggest
you consult a Certified Financial Planner. He or she will suggest you
how much you should save every month. Based on that, they will help you
in chalking out a realistic budget too.
Sub: #1 posted on Tue, 01/19/2021 - 20:55
(Posts: 384 | Credits: )
Sub: #2 posted on Sun, 01/24/2021 - 21:41
(Posts: 265 | Credits: )