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. This may seem like a lot of money, but 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
Three times the usual monthly budgetmay be an overwhelming amount for some. 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. You could also set up the same for your bills and recurring payment, so you could avoid overdue payment penalties.
· Invest in your household items
Choosing the cheaper option might be tempting, but some household items are worth investing in when you’re sure about the quality. 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.
During times when household fires caused by LPG leakages are becoming more common, being sure about the quality of your kitchen fuel makes all the difference. Substandard and fake LPG cylinders may only be short-lived and lead to more refills. They also run the risk of causing explosions and fires, which is a threat not only to your property but to you and your loved ones.
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, as only verified Solane LPGs go through the Timbang Challenge. Solane’s 7-point Safety Check, an exclusive service provided to all Solane LPG home delivery customers nationwide, also ensures that your burner produces a blue flame to maintain the quality of your gas appliance.
To order Verified Solane LPG, customers may call the Hatid Bahay Hotline – (632) 8887-5555, send a message to 0918-887-5555 (Smart) / 0917 8977555 (Globe) or the Solane Facebook page, or place their orders through the Solane app. Customers may also place an order through the Web Ordering Platform.