Start on your emergency fund the right way

LIFE is indeed full of surprises, and this includes unexpected expenses – from the sudden ticket selling of your fave musician to fixing your vehicle and taking your pet to the vet.

Having a ‘rainy-day’ fund, which is money specifically saved for unplanned expenses, gives you a safety net so unplanned expenses won’t disrupt your budget or force you into debt.

The ideal rainy-day or emergency fund is usually at least three months' worth of your expenses. Here are small and practical ways to get started:

Track your expenses. A key step towards having your finances sorted out is keeping track of your spending so you would know how much you can save and where to cut down. Don’t be intimidated by keeping a record; figure out what works for you whether it’s a spreadsheet, a free expense tracking app or even your trusty planner.

Begin with a small goal or regular contribution. Start with a smaller goal like PHP 50 a week toward your rainy-day fund so you can manage your cash and prevent you from giving up altogether.

Automate your payments and transfers. If you have an ATM or a payroll account, set up an auto-debit feature that automatically transfers a certain amount from your paycheck to a savings account, with the option of choosing how much and how often.

Invest in your household items. Good appliances and kitchen equipment may have a higher one-off cost but won’t break down or even cause household accidents that will surely wipe out your savings. Quality products mean you don’t need to shell out money for repairs, replacements, or refills.

Make sure your LPG tank delivers value for money by lasting as long as it should. Having a safe and trusted kitchen fuel like Solane LPG guarantees you having the exact amount of content as promised. Solane’s 7-point Safety Check also ensures that your burner produces a blue flame to maintain the quality of your gas appliance.

To order Verified Solane LPG, call (02) 8887-5555, message 0918-887-5555 / 0917 8977555 or the Solane Facebook page, or through the Solane app.