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emergency fund: What is Emergency fund? How to invest it?


Synopsis
An emergency could be in any form; a small one like car breakdown and a big one like job loss, which may continue for several months. In such a situation you will not only have to manage your household expenses but also continue paying your labilities like EMIs and credit card dues.
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Emergency fund is an important element of a good financial plan.
Emergencies and the financial burden they entail cannot be foreseen. That is why it is important to have an emergency fund to fight any sort of exigency. An emergency fund is a contingency fund that not only helps financially during most difficult times, but it also prevents the derailment of your saving for long term goals. ....

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