October 18, 2018 =========
☆ emergency fund 臨時予算
An emergency fund is the money that you budget for… can you guess? Yes, emergencies! Too easy! The problem in Australia is that most people don’t have an emergency fund. This means they have no peace of mind, and that if they have an emergency – car breaks down, kids get sick, they lose their job etc. – then they have no money to help them cope with that situation.
Most finance experts recommend that your emergency fund should be at least 3 to 6 months’ worth of your expenses! That way, if you do lose your job or get sick, then you have enough money to live until you find a new job or get healthy. What’s the recommended amount for an emergency fund in Japan? Is it common to have an emergency fund, or is it just kept together with regular savings?