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.
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Yeah emergency funds is very very important but the thing is to that many persons don't actually put into consideration since their is always no one that plans or prays for emergency to happen to them but even with that we can't deny the fact that it's inevitable and something like this ought to happen so rather than dodge it, it's best throw out some small amount or percentage in accumulation to this and believe it will save you a lot of stress when the need be for it.