the Qs
the Qs
How much emergency fund should I have, and where to save it? Should I keep it in a separate account or invest?
Honestly, on the conservative side, one should have at least 12 months worth of living expenses as emergency savings and you cannot just create this once and forget about it. As your lifestyle expenses increase, you need to increase your emergency fund as well. And these funds will be actually used for unpredictable or unforeseen events. Now, where to keep it? So don’t chase behind returns for something like emergency funds. You can keep some part of it in liquid funds and other part in fixed deposits in a separate bank account. There is no point in keeping it in a savings account.
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Exploring the highest and lowest income tax rates across G20 countries and discovering how different nations tax their citizens, with India's highest rate at 30%.
Index funds make investing easy by tracking a market index, helping your money grow steadily. They offer lower fees and built-in diversification, providing a simple way to build long-term wealth.
Honestly, on the conservative side, one should have at least 12 months worth of living expenses as emergency savings and you cannot just create this once and forget about it.…
the Qs
How much emergency fund should I have, and where to save it? Should I keep it in a separate account or invest?
Honestly, on the conservative side, one should have at least 12 months worth of living expenses as emergency savings and you cannot just create this once and forget about it. As your lifestyle expenses increase, you need to increase your emergency fund as well. And these funds will be actually used for unpredictable or unforeseen events. Now, where to keep it? So don’t chase behind returns for something like emergency funds. You can keep some part of it in liquid funds and other part in fixed deposits in a separate bank account. There is no point in keeping it in a savings account.
Wait..would you like to get more like this?
Join 12,000+ readers who receive our insights decoding Personal Finance twice a week, so you can make the most out of your money.
No Spam. Only Finance
No Spam. Only Finance
Recent Posts
ULIPs combine insurance and investment, but hidden charges significantly lower returns compared to mutual funds. Understand IRDAI’s new restrictions on promoting ULIPs as investment products.
Exploring the highest and lowest income tax rates across G20 countries and discovering how different nations tax their citizens, with India's highest rate at 30%.
Index funds make investing easy by tracking a market index, helping your money grow steadily. They offer lower fees and built-in diversification, providing a simple way to build long-term wealth.
Honestly, on the conservative side, one should have at least 12 months worth of living expenses as emergency savings and you cannot just create this once and forget about it.…
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