how to build emergency reserves and reduce financial stress

from your income , you can allocate the following

50 % of it towards daily needs – groceries , rent , loans , insurance , gas , petrol , etc.

5 % towards emergency reserves

15 % towards savings

30 % towards investments – systematic investment plans – this will go into a brokerage account

keep separate bank accounts so that you don’t use the money for something else

slowly build an emergency reserve so that it becomes at least 6 months of your expenses , then increase it to three years worth of expenses