Thursday, December 25, 2008

Emergency fund (rule 2)

Six months to a year emergency fund is a guideline and it is important for every employee such like me.

Definition emergency fund for Azizi is

“The whole concept of the emergency fund is to have money to cater for financial emergencies, which all of us face.”

This is my experience when I quit as a planter and join as land surveyor in year 2005. It is a tough period where my income reduce to 1/3 of my previous income. Moreover, the following year, I get my Danish. Can you imaging the situation? Money….money…..money is always in my mind and force me to dig all my emergency fund until empty.

If I do not have emergency fund which I have prepared before I resigned. I believe I will back to plantation again.
This is what I told my boss yesterday. “Self-prepared”.