Prepare for Economic Downturn

by Nasrul Hanis on July 14, 2010 · 4 comments

It’s been years since the market crash happened in Jan 2008. After it ended the positive news kept airing and there is a sign of hope. The updates of increasing stocks rate being told again and again. It’s not a secret that most consumers are feeling relieve with the latest updates and some people back to their old habit of spending money without planning.

And who knows – in a mean of time, suddenly the market has crashed again and we have to face the economic downturn again. Most of our savings could be pulled down and we have to cut the budget. For people who has prepared with the emergency fund, they can maintain their daily lifestyle as they got backup but it will be a terrible nightmare for those who never prepare for the downturn. Some of them might have to do extra jobs for money as they never prepare however they have to feel grateful if they get the job – it’s better than nothing!
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Having An Emergency Fund

by Nasrul Hanis on June 28, 2010 · 6 comments

You might been told to save certain amount of money or exclusive fund for unexpected moments especially when you are reading finance articles or listening to lectures or advices on finance management. It’s called emergency fund.

An emergency fund is the amount of money which had been prepared for unexpected moments where at that time you need money. Some unexpected moments such as losing your job, medical emergencies, vehicle repairs or death will make you stuck in difficult situation – and that’s when you need the money. And you are a fortunate person if you are ready by preparing the emergency fund earlier. Emergency fund is a life saver and you will understand much better when you face the situation yourself.
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