“If they did nothing else, but set up another offset account or another bank account, and just transferred $640 a week to that account”
GJ
Glen James
WWGD with Glen James ·
“Target of emergency fund $30,000... $370 a week... $200 a week into the Gifts, Clothes, Holidays, Christmas account”
Glen James · money money money · 940b wwgd: two investment properties, a Europe trip & should we buy in Melbourne?
Play from 1:04:37
1:04:37
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What was described
allocate 30% of net household income to rent, set emergency fund target $30k, transfer $370/week to spending accounts and $200/week to gifts/clothes/holidays account
30% rent, $30,000 emergency fund, $370/week, $200/week
Said nearby on the same subject
“Automate transference to a high interest savings account until you hit three to six months of emergency funds. In my case, ideally 12 months of income.”
♫
Said on Dev Raga Personal Finance
“I'm going to put $480 in the horse account automatically every week. And then the car, I'm going to put, so it's $10,000 divided by 52, $192, $192 every week in a separate car account.”
GJ
Glen James
WWGD with Glen James ·
“Once you've chosen that account, you can then transfer money into a stocks and shares ISA and preferably into a low-cost diversified fund”
♫
Said on Working Hard with Grace Beverley
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