HSBC: Tips For Managing An ‘Emergency Fund’
[Advice column by HSBC Bermuda]
How much money should I keep in my “emergency fund”?
Your emergency fund should cover all of your personal expenses for at least 6 months. This can include your:
- Mortgage/rent
- Loan payments
- School fees
- Insurance costs
- Utility bills
- Food
Free Financial Planning with HSBC
If your emergency fund isn’t where it should be, don’t worry we can help. HSBC can help you manage your money and develop a financial plan! Our approach takes you through the complete financial planning process, at no cost to you. We’ll work with you to understand your particular circumstances and your financial ambitions. From there, we provide you with solutions on how to manage, grow and protect your savings to achieve your goals.
To make a free Financial Planning appointment visit www.hsbc.bm/planning or by calling 299-5959.
Issued by HSBC Bank Bermuda Limited which is licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.
