What percentage of income should I put aside for emergencies?

In this Video Blog Series Phil is answering questions that have been submitted by readers.

Today’s question is about “What percentage of income should I put aside for emergencies?”

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Phil shares four thoughts that will help you with this planning.

• What is an emergency fund?
• What types of situations constitute an ‘emergency’?
• The financial planning model for calculations.
• Where should you put your emergency funds?