TIPS FOR BUILDING AN EMERGENCY FUND
2. Make use of the 50/30/20 allocation rule: 50% of your income allocation should go to taking care of essential expenses and immediate needs. The mistake people often make is neglecting this aspect, forgetting that it is actually inevitable and unavoidable, even when you manage to avoid it today, it'll come back tomorrow bigger, and you'll be forced to still sort them out, thereby messing up your plans. 30% goes to your discretionary income and the other 20% towards your savings and also for debt repayments.
I like how you categorically listed everything out, but from the percentage allocation you did, you didn't make room for emergency funds percentage. Maybe you are are hoping to achieve that from the 30% allocated to discretionary income. But since we are talking about automation of our income, emergency funds being an integral component in determining the success and failure of our bitcoin holding, I think it will be best to make provision in terms of percentage for emergency funds for the onset.
This will help the investor to know the exact amount that should be going into emergency funds from the pay cheque, rather than leaving it at the mercy of the investor to determine what goes into the emergency funds account from the discretionary income percentage. Everything should be totally automated from the onset, so an investor can know which percentage should be for purchasing of bitcoin and which percentage should go to emergency funds. Emergency funds is important and it should be treated as something that is important. If it is 10% or 5% make it known for the beginning and follow it strictly.