Post
Topic
Board Economics
Re: Should I Use Emergency funds or Sell my Assets ?
by
kawetsriyanto
on 19/07/2023, 20:42:07 UTC
I reluctantly followed the counsel of a financial advisor to fix my finances in order by creating a budget and tracking my expenses, inflow and outflow of cash using an excel sheet.
Why do you feel unhappy to follow the suggestion?
I think it is a good suggestion to analyze our income and outcome by using the excel sheet. In this way, we can minimize the unnecessary spending and realize whenever we need more side jobs the increase the income. If you are in a financial problem, there is nothing wrong to follow the suggestion although it seems a bit complicated to do.

The economy has been crazy in my country so I needed to do something urgently. My greatest realization after this is that inflation all round is destroying my budget.
What the problem you are facing exactly?
If it is about the increase of your spending, you just need to adjust the priority. Eliminate which one is not really necessary, keep the allocation for the urgent needs only.

By the way, if you think that you need to use your savings/emergency funds, just spend some of the money. If you still have emergency funds, just keep your assets. IMHO, only sell the assets if you have no fiats, no savings, and no emergency funds.