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How much will you need to save a month to meet your emergency savings goal? How long will it take you to meet that goal?
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Because I live in Vietnam, I have to save 200 USD/month for about 6 months to reach my goal for emergency funds.
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450.00 a month
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Since I am working on Phase 1 savings, I would say $50 a month for ten months to meet my $500 goal. Now that has to be fluid because life happens and unexpected expenses occur. So it may take me a bit longer in reality but it can be achieved.
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200 dollars a month for two years for a car and for five years $400 a month for a house.
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$100 per month for 24 months.
