Are you Financially Prepared for Emergency Situations?
I want to share these tips with you guys so that we will all learn to be financially prepared for emergency situations just like what we are experiencing now, which is the covid pandemic. Emergency situations may also be calamities like a typhoon, volcanic eruption where people need to go to evacuation centers, loss of job, illness, sudden death of a provider and of course recession. So here they are: 1. Always have cash on hand💲 - Always keep enough cash, in small bills, which you can use immediately. Maybe P2,000 to P5,000 will suffice. You will never know when something will strike and you will need cash as you may not have time to go to the bank. Your COH will be a great help. 2. Have an Emergency Fund - Your emergency fund will be useful when you will find yourself in situations like calamities, sudden death in the family, illness, pandemic, etc. You will need some working cash while your family waits for a...