If you have a total consumption budget, what should you do to ensure you have enough money saved for emergencies and meeting long-term goals

If you have a total consumption budget for each month, then at least consumption budget of between three to six months should be put in your emergency fund account to cater for financial dilemma which may occur at any time due to loss of job or other factors. After this, you can now start saving toward long term goals by saving at least 10% of your income.