Are You Saving for emergencies?
@jrlcentral (2605)
Roxas, Philippines
August 29, 2021 3:03am CST
Hello, mylotters.
it's been a long time since the last time I logged in here. How are you all doing? I hope everything is fine on your end despite this prolonged pandemic.
Anyways, I just would like to share with you a verse from the book of Genesis
"Let Pharaoh appoint commissioners over the land to take a fifth of the harvest of Egypt during the seven years of abundance.."
Genesis 41:34 (NIV).
I suppose this verse tells us that we should save at least 20% of our income during the "good years" as reserve for a crisis like what we have now.
Have a blessed Sunday!
5 people like this
5 responses
@allen0187 (58582)
• Philippines
29 Aug 21
Yes, I am. However, my savings are still not enough.
There are more expenses than the salary that I get.
1 person likes this
@allen0187 (58582)
• Philippines
31 Aug 21
@jrlcentral good luck to both of us.
Rule of thumb is you should have at elast six months worth of savings in your emergency fund.
I'm nowhere near that.
@jrlcentral (2605)
• Roxas, Philippines
31 Aug 21
yeah. that's what I have experienced. I have just re-building up my emergency funds when the pandemic hit. So pfft. I'm going to start again this September.
1 person likes this
@m_audrey6788 (58472)
• Germany
29 Aug 21
I am trying my best to save but it seems that everything is just enough for a day 
1 person likes this
@jrlcentral (2605)
• Roxas, Philippines
31 Aug 21
yeah. That's what I feel too. But we need to change our mentality.
1 person likes this
@DocAndersen (54402)
• United States
29 Aug 21
the joy of saving for the future - it can be scary but we have to do it!
1 person likes this
