EMERGENCY PLANNING

AMFI-Registered Mutual Fund Distributor

Client Login  Mobile App  Inquiry Now

Page Title

Home / EMERGENCY PLANNING

Emergency Planning

Having an emergency planning is a necessity. Think of it as a shock absorber for the bumps of life, one that’ll keep you from adding to the load of debt you most likely already carry. The coronavirus outbreak has shone a giant spotlight on the difference having an emergency planning makes when a crisis hits.

While some call having one to two months’ wages in reserve ideal, most financial experts say that the recommended emergency planning amount should cover three to six months’ worth of household expenses. That’s a great idea, and a key part of any sound financial plan, but it also requires some effort to achieve.

Link Name

Key Takeaways


  • An emergency planning is a key component of any good financial plan.
  • The rule of thumb is that you need to keep between three and six months’ worth of household expenses in your emergency planning .
  • In order to populate your planning , you should find ways to economize and contribute those savings—along with any financial windfalls—to it.