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Allocating income for emergency saving purposes.
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[QUOTE="TOZZIBLINKZ, post: 304551, member: 37528"] When an individual receives his or her salary or wages for the particular month of a particular year he or she begins to allocate segments of this income or salary or wages to satisfy various financial needs as well as financial ones such as allocating segment of the income for spending activities or for investment and saving activities. It is therefore very much important and necessary for each and everyone of us to understand that there is absolutely no exact amount of money required for an individual to allocate for emergency savings fund activities but in as much as we should save money for emergency we must therefore have in mind that saving for emergency is therefore important and necessary for human existence because no one is being an emergency and even if you are rich and poor you are more likely to get into emergency sooner or later So it is advised to save and to keep or allocate a reasonable and comfortable amount of money for emergency activities. [/QUOTE]
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Allocating income for emergency saving purposes.
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