Discover and read the best of Twitter Threads about #EmergencyFund
Most recents (9)
How can you best utilise a #promotion or #salary hike? We have come up with a quick #guide on how to make that raise work for you instead of watching it disappear! (1/11)
To all of you who are new to the workforce… Congratulations!!! You have secured your first job.
But are you confused about how to best use your current salary? (1/n)
#salary #cashflow #payday #money
But are you confused about how to best use your current salary? (1/n)
#salary #cashflow #payday #money
Most people complicate things. It is only natural when there are so many investment products to choose from. That need not be the case.
Here are some simple tips for someone just starting! (2/n)
#equity #fixedincome #gold #realestate
Here are some simple tips for someone just starting! (2/n)
#equity #fixedincome #gold #realestate
#1 Start Building an Emergency Fund
This should be your first priority. In case of emergencies, you shouldn't be left empty-handed.
Having 3-6 months of expenses set aside will be optimal. (3/n)
#emergencyfund #savings
This should be your first priority. In case of emergencies, you shouldn't be left empty-handed.
Having 3-6 months of expenses set aside will be optimal. (3/n)
#emergencyfund #savings
Again, our friend @YazaNico needs your help. She can't pay her and her mother's living costs (rent, heat, etc).
If you can, please help her. She's @/anna1858 on PayPal.
She still needs around $300. We will give more context in replies.
#Crowdfund #Fundraising #emergencyfund
If you can, please help her. She's @/anna1858 on PayPal.
She still needs around $300. We will give more context in replies.
#Crowdfund #Fundraising #emergencyfund
In short, she has to take care of her mom who's been in a fragile mental health state in the past few years.
She tried to reach out to her dad for help but his current partner has made him cut ties with her and her mother.
She tried to reach out to her dad for help but his current partner has made him cut ties with her and her mother.
She's been using what savings they have, but she's literally a student in Hungary without any support network beyond her online friends and things are spiraling.
(1/n) An #emergencyfund is like a pool of just-in-case money. It's a vital piece of your #financial safety net. Your emergency fund is the money you would rely on if:
➡️ You lost your job
➡️ Your laptop/mobile broke down
➡️ You ended up in a medical emergency
➡️ You lost your job
➡️ Your laptop/mobile broke down
➡️ You ended up in a medical emergency
(2/n) ⚪ Having an emergency fund can help you roll with life’s unpredictable punches and makes it easier to recover from setbacks that could otherwise turn into financial disasters.
#BachatSeekhayGaPakistan #EmergencyFunds #FinancialLIteracy #emergencyfundsaving
#BachatSeekhayGaPakistan #EmergencyFunds #FinancialLIteracy #emergencyfundsaving
(3/n) ⚪ Experts typically recommend that you keep 3 to 6 months of living expenses in your emergency fund (an amount that’s probably less than three to six months of your income).
Want to be a full-time trader?
It seems coolest thing, no office, no boss, u can work from anywhere, isn't it?
But wait..
Here is a stringent checklist for u-
If u satisfy all the criteria then only think of #trading as a full time career.
#MegaThread
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It seems coolest thing, no office, no boss, u can work from anywhere, isn't it?
But wait..
Here is a stringent checklist for u-
If u satisfy all the criteria then only think of #trading as a full time career.
#MegaThread
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1. #MentalFitness -
Yes, I kept it at top because it's all about controlling your emotions.
Then comes the trading system which you will gradually build for yourself.
Trading is about finding what works for you and sticking to it no matter what.
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Yes, I kept it at top because it's all about controlling your emotions.
Then comes the trading system which you will gradually build for yourself.
Trading is about finding what works for you and sticking to it no matter what.
++
2. #CashFlows -
It must be made sure that the income from trading per year on an average is more than what your current income is, plus it should cover cost of running business (office/net connection/paid subscriptions etc)
It must be made sure that the income from trading per year on an average is more than what your current income is, plus it should cover cost of running business (office/net connection/paid subscriptions etc)
1/15
#LetsTalkMoney by @monikahalan is all about US understanding OUR Needs & Wants, & constructing OUR Money Box.
It helps BUILD a system in place , rather than focusing on a (non existent ) single shot solution.
MUST READ FOR ALL !
#BookRecommendation
A 🧵 on it .
👇
#LetsTalkMoney by @monikahalan is all about US understanding OUR Needs & Wants, & constructing OUR Money Box.
It helps BUILD a system in place , rather than focusing on a (non existent ) single shot solution.
MUST READ FOR ALL !
#BookRecommendation
A 🧵 on it .
👇
2/15
Firstly, build your own system to manage Cash Inflows & Outflows .
Find a way that's least troublesome but automatically separates the 2.
#Budgeting & #Allocation must not be a cumbersome task !
Easy bifurcation helps in Better mapping.
A bird's eye view on the same 👇
Firstly, build your own system to manage Cash Inflows & Outflows .
Find a way that's least troublesome but automatically separates the 2.
#Budgeting & #Allocation must not be a cumbersome task !
Easy bifurcation helps in Better mapping.
A bird's eye view on the same 👇
3/15
Moving onto Emergencies . This pandemic has made so many of us realise the importance of it .
Another interesting facet :
Unwillingness to take risks comes from the FEAR of not having money when needed - typically why Bank F.Ds are preferred.
Hence the EMERGENCY fund.
Moving onto Emergencies . This pandemic has made so many of us realise the importance of it .
Another interesting facet :
Unwillingness to take risks comes from the FEAR of not having money when needed - typically why Bank F.Ds are preferred.
Hence the EMERGENCY fund.
माझ्या लहानपणी सहसा रेडीमेड कपडे खरेदी नसायचीच,शाळेव्यतिरिक्त वर्षातून एकदा दिवाळीत आणि दुसऱ्यांदा उन्हाळ्याच्या सुट्टीत नवे शिवलेले वाढत्या अंगाचे 🤦♂️😉(ढगळे)कपडे मिळायचे.
त्यातही आईबाबा सोबत,त्यामुळे आपली आवड अशी काही फार नसायची..
१/१४
#आर्थिकसाक्षरता #SaturdayThread #मराठी #म
त्यातही आईबाबा सोबत,त्यामुळे आपली आवड अशी काही फार नसायची..
१/१४
#आर्थिकसाक्षरता #SaturdayThread #मराठी #म
मळखाऊ, जाड, टिकायला मजबूत, स्वस्त आणि मस्त हेच क्रायटेरिया असायचे.
एकदा कपडा सिलेक्ट झाला की मग आमची स्वारी निघायची टेलरच्या दुकानात, तिथे वाढत्या अंगाची मापे 🤦♂️घेतली की बाबा टेलरला न विसरता एक वाक्य सांगायचे “चोर खिसा ठेवा बरं”... आपल्या आयुष्यात हा चोरखिसा म्हणजे २/१४
एकदा कपडा सिलेक्ट झाला की मग आमची स्वारी निघायची टेलरच्या दुकानात, तिथे वाढत्या अंगाची मापे 🤦♂️घेतली की बाबा टेलरला न विसरता एक वाक्य सांगायचे “चोर खिसा ठेवा बरं”... आपल्या आयुष्यात हा चोरखिसा म्हणजे २/१४
जीव वाचवायला लागणारे पैसे #EmergencyFund.
कोणत्याही प्रवासात सहकुटुंब निघो वा एकटे बाबांनी चोरखिशात कायम एक ठराविक रक्कम ठेवायची सवय लावली. अगदी शेवटच्या वेळीच,कठीण काळातच त्याचा वापर करायचा.
लहाणपणी बऱ्याचवेळा विविध स्पर्धांसाठी तालुक्याच्या, जिल्ह्यांच्या ठिकाणी जायचो ३/१४
कोणत्याही प्रवासात सहकुटुंब निघो वा एकटे बाबांनी चोरखिशात कायम एक ठराविक रक्कम ठेवायची सवय लावली. अगदी शेवटच्या वेळीच,कठीण काळातच त्याचा वापर करायचा.
लहाणपणी बऱ्याचवेळा विविध स्पर्धांसाठी तालुक्याच्या, जिल्ह्यांच्या ठिकाणी जायचो ३/१४
1/5
Some pointers on #PersonalFinance
1) Highly #subjective - depends on earnings,savings & lifestyle. Don't clone approach . Take professional help, if needed.
2)Focus primarily on #skillsets in early years.Automatically #earnings increase. Big salary ,bigger savings.
Some pointers on #PersonalFinance
1) Highly #subjective - depends on earnings,savings & lifestyle. Don't clone approach . Take professional help, if needed.
2)Focus primarily on #skillsets in early years.Automatically #earnings increase. Big salary ,bigger savings.
2/5
3) Start #saving early on .
4) Incremental savings must be more than Incremental earnings.
5) Avoid #debt . But if necessary plan well & repay it early on . Beware of snowball effect.
6) Avoid instant #gratification. A lil' self restraint goes a long way in saving up .
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3) Start #saving early on .
4) Incremental savings must be more than Incremental earnings.
5) Avoid #debt . But if necessary plan well & repay it early on . Beware of snowball effect.
6) Avoid instant #gratification. A lil' self restraint goes a long way in saving up .
+
3/5
7) #Leveraging is disastrous . Not advisable .
8) #ConcentratedPortfolio can backfire big time . Makes sense to go in for a diversified one.
9) #AssetAllocation is equally important .
10) #CreditCards if used sensibly are good ,else disastrous. Educate yourself.
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7) #Leveraging is disastrous . Not advisable .
8) #ConcentratedPortfolio can backfire big time . Makes sense to go in for a diversified one.
9) #AssetAllocation is equally important .
10) #CreditCards if used sensibly are good ,else disastrous. Educate yourself.
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In her Hogmanay speech @NicolaSturgeon stated: "We will provide support and reassurance for the #EUcitizens who have done us the honour of choosing to make #Scotland their home."
Here is how we can begin to constructively fulfill that promise: docs.google.com/document/d/1rG…
Here is how we can begin to constructively fulfill that promise: docs.google.com/document/d/1rG…
1. EU citizens will face discrimination by Brexit/HostileEnv design. Those who have Settled Status need a physical token not offered by the Home Office but any individuals status can be checked online - including by @scotgov who should issue a #ScottishResidencyCard open to all.
2. All residents of #Scotland are equally affected by Scots Law, yet not all are protected by it. For 2020 I hope to see an all-party, multi-disciplinary Equality workgroup at the Scottish parliament finding & using Scots law & powers to enhance equality and protect all Scots.
