Cashflow planning can help you answer the most important question?
Each month you have various expenses like;
Cash flow planning involves forecasting, budgeting, and prioritization of expenses, with an intention of creating an investable surplus and regular cashflow for life.
Read the following articles to know more about Cashflow Planning and Budgeting
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We hope this FAQ can help provide some answers here to address the specific questions
An emergency fund serves two major purposes:
There are many smartphone apps. Choose the one which helps you categorise expenses and project cash-flows for at least 3 months.
You can download a simple budget and cash-flow planner excel template from my blog by clicking here.
Expenses which are necessary, but they vary according to usage every month fall in this category.
Savings and Investments are necessary to provide adequate cash flow for future events, hence they have to be diligently planned in today's cash flow as well.