Emergency fund

Requirement of emergencies funds

Why do you need an emergency fund?

Emergency fund

An emergency fund is a fund required at the time of emergency. There are various types of emergencies like medical emergency, financial distress, legal and so on

Everyone should keep such an amount for emergency purposes so in bad time such fund will help you to meet your liabilities.

Many people prefer to invest in shares and buy homes or various assets without first creating an emergency fund.

How much one should create an emergency fund is always a complex question.

As different people have different financial positions different amounts requires for such individuals

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