Showing posts with label Emergency Fund. Show all posts
Showing posts with label Emergency Fund. Show all posts

Wednesday, June 8, 2011

The Household Budget vs Emergency Fund

In preparing Household Budget must be more selective in the preparation, one of them is the Emergency Fund. In this arrangement in place this budget on the household budget at the surcharge. This fund functions when there is a sudden damage to our car, or have a medical emergency that  suddenly arrived, very few people who are preparing funds for emergencies like this, in most cases like this they use credit cards as a payment alternative to their emergency Most people around the world use credit cards as their emergency fund.

Using a credit card for an emergency fund is a relatively new idea, because the use of credit cards in 1980 was popular in Europe and the United States. Before the era that people still like to set up an emergency fund by setting aside money in a savings account, in a secret place, jars / cake place unused, or under their mattress. So when things needed to live taking the place of their personal savings, and finish are emergency problems that occur on them.

So how do you prepare your emergency fund and how much should you set aside?