This rule is based on the 50/30/20 budgeting guide ng Harvard bankruptcy expert na si Elizabeth Warren. (Ang natitirang 50% ay para sa living expenses at 30% para sa non-important expenses.) Magandang starting point ito para sa mga first-time savers.
However, you can also customize your savings based sa mga sumusunod na factors.
- Monthly living expenses. Pwede kang mag-save ng at least 3-6 months’ worth of living expenses as emergency fund. Living expenses are your spending for basic needs. Examples are housing, food, healthcare, at bills.
Example: Juan pays Php 10,000 for rent, Php 5,000 for groceries, and Php 5,000 for all utility bills. His monthly living expenses amount to Php 20,000. Therefore, ang emergency fund niya should be Php 60,000, o three months’ worth of living expenses.
- Priorities at goals. Consider your most immediate goal o expense na kailangang pag-ipunan, at ang time frame mo para makumpleto ito.
Example: Juan needs Php 20,000 para sa first birthday celebration ng kanyang anak. Kung ang birthday ay 8 months away, he needs to save Php 2,500 monthly for 8 months.
Kung small amounts lang ang kaya mong i-save, okay lang ‘yan! Just be realistic at consistent with saving to make it a regular habit.