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Allocating income for emergency saving purposes.
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[QUOTE="CALVINDOL, post: 303841, member: 43757"] The allocation of funds for emergency savings opportunities and activities is absolutely a very important thing that an individual should do especially once he or she receive his or her monthly or yearly income. Your income amount as well as value does not decide whether you keep money for emergency serving activities and the reason is because, no one whether you are a high-income earner or a low income earner is above emergencies but instead everyone encounters emergencies such as health emergencies and other kind of emergency. There is absolutely no exact amount of money out of an individual's income that should be allocated for emergency saving activities but whatever an individual allocate, it must be a reasonable amount as well as be of reasonable value. I need if it was always put into proper consideration the bank in which he or she creates an emergency saving account and the reason is because most Banks usually temper with an individual's emergency seven forms moreover you must create an emergency saving account in a good bank. [/QUOTE]
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Allocating income for emergency saving purposes.
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