The impact of inflation on your emergency fund: How much is enough in 2025?
An emergency fund provides instant, cost-free relief for urgent expenses, while personal loans offer larger funds but with interest and repayment obligations.
Facing unexpected expenses can be stressful, but having an emergency fund can make it a lot easier. A straightforward guide to help you get started.
Credit cards are just a mode of payment not a permanent source of funds. They cannot and should not be a replacement for having a separate emergency fund. Or for living within your means, for that matter.
Taking a standalone medical cover and having sufficient emergency funds are critical
For a single income family, financial planners’ advice is to build an emergency corpus equivalent to twelve months’ expenses
As a thumb rule, it is advised to keep at least three to six months’ worth of basic living (and non-negotiable) expenses as emergency fund.
These moves will ensure that you take firm steps towards financial independence.
Be it building an emergency fund or parking money for a very short period of time, liquid funds are a wonderful investment option.
A financial plan for a parent with special needs child is much more than a traditional financial planning.
While you focus on equity mutual funds for wealth creation, let us also look at how debt funds can play a bigger role in your portfolio.
While considering investment avenues for short term goals lot many traditional instruments pop up.
Life insurance not just provides you guarantee but it also lets you live with ease. It pays for all your financial liability and ensures that your family enjoys the same life style even if you are not around