Tips to manage your Finance

We have all been there: The car breaks down, just when you need it the most, or the PC has decided to just stop workTing. You can't put off these expenses, but chances are, you weren't expecting them.

Instead of being in a jam, or having to go in to debt to cover your costs, it's a good idea to set up an Emergency Fund-some savings to cover life's unexpected events.

So how much should you have for a rainy day ? Well, I recommend that you have about three months' salary or any income  in your emergency fund. If you don't currently have one, or find it difficult to save money, the key is to start small. If you set your goal to put a little money aside each month, you'll have much better chance of reaching your target.

When emergencies happen, and they will happen, it's important to have an emergency fund in place so you have access to the funds you need, quickly.

Dr. Girma Lulu