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YOU NEED AN EMERGENCY FUND! | Where to save them, How much you need | Personal Finance Philippines

Frames YOU NEED AN EMERGENCY FUND! | Where to save them, How much you need | Personal Finance Philippines

Description YOU NEED AN EMERGENCY FUND! | Where to save them, How much you need | Personal Finance Philippines

Comments YOU NEED AN EMERGENCY FUND! | Where to save them, How much you need | Personal Finance Philippines

I'm living in Cebu also Emergency funds saved me and my family after the typhoon We had to buy materials since our house was really damaged and the prices of the basic commodities skyrocketed I always keep a portion of my EF in cash to be safe and I'm glad I did, the lines for ATMs were very long that time, daig pa blockbuster sa sine yung haba ng pila I remember walking from Talamban to IT Park just to charge our phones, powerbanks and flashlight Grabe di mo na alam kung para saan yung pila, if it's for fuel, food, water or sa ATM My EF got really depleted so I'm currently replenishing for future needs naman Comment from : Jean Sohon

After watching this I recall i Long time no eat Jollibee Yummy Comment from : Vincent

By having an emergency fund, you also protect emotional and mental health as these can prevent depression to lack of money, further escalation of financial problems (bankruptcy), or even resorting to debts, receiving bad or hurtful words from people around you and have more freedom to make better decisions in life as you have ready source of funds to do such thing Comment from : Arvin Troy Madronio

I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made Great video!💜💜 Comment from : David Foresto

thank you so much, ate Charm! i’m already 23 and has been working for 3 years and yet i don’t have any savings, walang emergency fund i’m a breadwinner and minsan sakto lang talaga yung salary sa gastusin because of your helpful videos, namulat ako sa value ng pagiipon kahit pa hindi ganon kalaki yung sahod thank you and hopefully makapagsimula na ko kahit papano 😅 Comment from : C

Is it still safe to put money in GSave ngayong maraming nawawalan bigla sa GCash app? Wanted to know your opinion about this kasi that's where I save my emergency fund :(( Comment from :

Hey Charm, your videos are extremely helpful! Comment from : Mezzina Soliven

Agree with this Also, aside from free annual fee for life, CITI Rewards Card has bigger increase in credit limit compared to others (in my experience) Just be careful not to use it in non-emergency purchases Haha! Comment from : John Patrick Esquejo

Hi madam😔 Comment from : Venureddy

Are u from cebu? Comment from : Its Just Kareen G

It's common sense to have CASH on hand/ savedhindi naman sa lahat ng oras may available ATM, especially in situations like that🤦🤦🤦 Comment from : Gen Mac

Not much information I suggest reading the automatic millionaire Put your emergency fund in a rainy day money market account Low risk investment Comment from : Im just bored

youre so smart lady!!charm Comment from : gin paris

Happy that I am on the right track in my emergency fund keeping some in digital banks👌 Comment from : yohri carreon

Great vid! Pero bakit sobrang zoom ng video? 🤣😅 Comment from : Chester Chanco

Hi Charm, very informative content😊 Would you suggest to put your emergency funds into a investment platform like go trade and place it into a etf like s&p 500 Thank you Comment from : win win

I really appreciate how you explained about Emergency fund Brief but very comprehensive Thank you!!! Comment from : Ayra Mae

This is very helpful, especially in challenging times of uncertainty keep posting this kind of content Great Job Ms Charm Comment from : Project Courage

Eye opener jod ang pandemic og calamities pinaka importante Emergency fundssauna wakoy paki anasukad niwatch ko sugod sa imo channel nakat on nakog save Comment from : JESSAN

Glad you’re safe, Ms Charm ❤️ Comment from : Mg

I’m 17 and watching this video, I hope to have my job at 20 while studying and I think this channel is giving me the knowledge Comment from : arjohn_archive

May natutunan na naman ako sa panonood dito Comment from : Loi Da

Just think of how much you need to cash out if eg your wife needs a caesarian operation, your house burned down, etc That IMO would be a good way to work your way around an EF Comment from : V0RN eek

I'm from Cebu and my Emergency Fund paid for my almost 1 week stay at the hotel to keep me comfortable and also paid for my expenses here in the province because staying in a hotel until everything is fixed is no longer practical I only kept 5k in cash that's why it was really a hassle falling in line to withdraw money - thanks for the tip! Will keep 10-20k in cash moving forward Thank you again Charm for the reminder of having it replenished ASAP bec we can't tell when the next emergency will be 😊😊😊 Comment from : Old Money Lifestyle

💯💯💯 Comment from : Pathfinder Joms

I live in Mandaue Cebu o/ still no electricity Comment from : Greenlibertea

Ang galing !!! Comment from : John Dexter Julve

❤️❤️❤️❤️ Comment from : td mrco

About the MP2, note that "Pre-termination of MP2 membership for reason other than those allowed, the member shall only be entitled to the following: 50 of the total dividend earned as penalty for the pre-termination of MP2 savings of members who opted for compounded dividends"brbrLet me know if I got it wrong, pero yeah totally safe to have it in MP2 Anti-budol pa kasi di ka matempt gumastos Comment from : John Chin

doon nyo lang po na realize yung must have cash on hand? during odette calamity? Comment from : John Vincent Gonzales

Thanks Ate Charm for insightful and meaningful explanation about emergency fund, now I know how to handle my personal expenses Comment from : Kian Deocarisa

best youtube recommendation for me this day :D Comment from : WMSU - JOSEPH V TOLENTINO

Ms Charm, ask ko lang or suggestion na din Ano mga na read mong books na pwede maka help about financial or money related? Thank youuu Comment from : Giox

wow haha thanks for the reassurance on the length you finished your emergency fund I was kinda panicking already 😂 that helps out as its more realistic Comment from : Khalil Rasalan

Thank you for your videos Ms Charm! 🙂 very helpful last year i've invested na in mp2 Comment from : Cess Valencia

Thanks Charm i appreciate u sharing your knowledge u are intimidating really impressed more power Comment from : Marc Seethemoon

Where to see the rewards for citibank cards? Comment from : Robin930 Channel

My initial reaction sa intro mo, wala kayong emergency bag? Seeing may kaya ka naman at afford mong magprepare Pero I guess you just learn when u experience it After Ondoy (since I live in Marikina), I get anxious every time there is a typhoon So when I started working in 2011 ang una kong investment is an emergency kit YES, emergency fund is essential pero kahit may pera ka kung wala talagang mabibili useless ang pera mo Soooo for calamities for me, dapat nagbubuild ka rin ng emergency kit Comment from : Mae Day Dreamer

crush ko to 😍 Comment from : Valledor Vlogs

How to open an account in digital bank ? Comment from : Allan Reyes

I was is Siargao when Odette hit , ubos talaga lahat :( pati work nawala :( Comment from : Keith Tan

Thank you for the insightful video I hope you and everyone in Cebu and other Odette-ravaged areas are doing better now There's still the pandemic so stay safe and God bless Comment from : Apolinar Abreu

Cash is King Comment from : MathChew TV

Emergency funds that would last 9-12 months is ideal Life is unpredictable Disasters and health problems do happen Most people do not save Comment from : paeng guin

Hello Charm, good to see you're okay Comment from : Ghosted

I really appreciate this video You gave me a better idea on how to handle my emergency funds especially ung on-hand cash super important talaga Thank you! Comment from : deejour

Like the close up though Comment from : Von

👍❤️ Comment from : Jerb 17

May bf ka na ba ma’am???🤣🤣🤣 Comment from : Wojack MLBB

very informative! keep up the good work Comment from : Weh pogi

Hoping your okay and continue to create a content with a heart I prayed for you🎈 Comment from : Mayora

I am planning to buy a car and want to know how I can for that Uubra po ba Yung saving for 6months accruals if ever Yung car is for installment? Comment from : mari cel

50 of Americans do not have savings Half of those who did don’t have enough funds saved for retirement They’re relying mostly on their SSS benefits If you know how to save, you’re far better than most of them Comment from : Jett Valera

Additional info, as starter you can save emergency fund equivalent to your expenses but I recommend that it should be equal to your income 6 times of your income Just in case of emergency it will cover your monthly expenses and at the same time other expenses that will help you to get out from that situation A great example is unemployment aside from your monthly expenses you still have money to apply for a job transpo medical and you have to consider 1 month interval to receive your 1st salary Comment from : M Joseph Cleofe

Odette really made me realize how important to have a portion of your EF as cash talaga Kaya for this year, I decided na I will set aside a 'cash savings' for emergencies na di maka withdraw or nawalan ng kuryente At least 10 of my EF siguro Comment from : Alyssa

Thank you so much for sharing, i need to be discipline this 2022 Comment from : Gideon Alanon

This is such a very informative video ate charm I remember starting pa lang ako mag ipon ng EF ko when I first stumbled upon one of your videos and now 4x almost 4 months of EF na naiipon ko Thank you so much! 🥰 Comment from : cherishbliss

dami ko natutunan pero naiinlove din ako brhehe Comment from : jc santos

Hi Charm thanks for this vid! Comment from : Something Viral

Emergency fund is a must talaga Just like how insurance is essential Comment from : Barbara Bangca

Bisdak man diay ka dai Comment from : Andy Gil Bayarcal

Nice one, Charm!!! SUPER Relevant!! huhu I will share this!!! Thank you! Comment from : Jaclyn Abregana

Offtopic Pero may naka-experience na po ba dito inamag yung paper bill in storage? I'm thinking of keeping an amount on hand but I'm worried baka ma-damage siya pag matagal naka-store since for emergency use lang siya, Comment from : Stefan Salvatore

Thank you for the video, one thing about emergency fund after using it you have to replenish it and even update it as cost of living keeps going up so for example your emergency fund for 6 months might not be enough for 6 months due to inflation God Bless and glad you are safe! Comment from : Rafael

Watched a lot of videos about savings and investments and learned the importance of having nine months of expenses as EF This is our first line of defense when an emergency comes Comment from : Sharon Sharonina

Emergency funds are underappreciated by most especially mga Pinoys We love to borrow money for something rather than preparing for it Comment from : Ralph Wyt

Thanks for this Charm, I think we can all say that we're glad you're safe! Eye opener yung need for on-hand cash (I hate handling cash haha 😅) and the option to put in easily withdrawable investmentsbrbrI'm just beginning to save up for my EF since I just started working last year and nakakalungkot talaga na parang walang progress since I had to use it for medical expenses But as you said, it's the natural process 😊 Comment from : April Jacinto

Ma’am what if po permanent po ung job ko like government employee and i have only one source of income Do i still consider at least 6 months of emergency fund? Thank u Comment from : ryan roldan

It's indeed an eye and mind opening video! Super loved it! 🥰 Comment from : Elle Evangelista

Very timely and relevant! Thanks for making these kind of videos Super love it since my goal for this year is to complete my target amount for EF Comment from : Amberdawn Andres

Thanks for the reminder and good points taken here Comment from : angelo arcangel

Looking forward to savings tips videos <3 Comment from : Kylyn

Very informative 💯👌👏 Comment from : Leah Pagador

Thanks for this, Charm! I appreciate your effort in every video that you make Solid ka baklaaaa ♥ Comment from : Queennie Lara

Maganda bang investment and gawin emergency fund and Gold Jewelry! Comment from : Jane Cirujano

Just like Taylor Swift's songs, your contents saved me ❤️ Comment from : Rodriguez Khaila

Hi Charm, Glad you're safe and sound Laban lang sis! I've order my ready to adult planner already! So excited na😍🙏 Comment from : Jessy Espiritu

are digital banks safe, Miss Charm? Comment from : Mary Grace Maureal

Excited to watch your next video Comment from : Jocelyn Baron

Shared Comment from : Andrew Ningas

This is really helpful and informative It gives me a better idea how to properly build my emergency fund Thank you Ms Charm Stay safe :) Comment from : Kristina Tumaub

nice 😊 Comment from : Mark Dulguime

We had this realization after these turn of events last year Like me nag resign ako tapos muntik na hindi kayanin ng ipon ko, ahahaha maraming gastos pala brMy backpay will go straight to my CIMBbank account 😁brThanks for this video Comment from : Louie Sy

Hello Charm Comment from : Drone Mixtape

I really love your content Great job You are helping a lot Thank you kaayo, Charm! Comment from : Chin Dee

A much detailed one Nice! Comment from : Cedric John Jose Petalcorin

Awesome! Comment from : Ideal Motivation

Wow Comment from : Jeffrey Caspe

First beh first Comment from : Samuel Castillo

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