Should self-employed choose a large emergency fund?

Self-employed people must decide on their emergency fund differently from their salaried counterparts. This is because the regularity of income is a major deciding factor when choosing your emergency fund corpus. &nbsp;

3 mistakes to avoid while dealing with your emergency corpus

The pandemic has taught us why it is necessary to keep certain portions of your assets in highly liquid form that could act as a cushion in tough times. With that being said, investors still commit mistakes when it comes to managing their emergency corpus. Here are 3 mistakes to strictly avoid while dealing with your emergency funds 

The pandemic has taught us why it is necessary to keep certain portions of your assets in highly liquid form that could act as a cushion in tough times. With that being said, investors still commit mistakes when it comes to managing their emergency corpus. Here are 3 mistakes to strictly avoid while dealing with your emergency funds&nbsp;

Looking to build an emergency fund?  Here are 5 most important components

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<ul><li>Keep in mind that you may never face a situation where you have to withdraw your emergency funds and actually use it. Also beyond a certain extent, keeping money in form of cash or in a basic savings bank account could mean a compromise of potential return in long-term.</li></ul>

A simple guide on how to go about building your emergency fund

It is important to have a definite amount of money specifically kept aside to meet unforeseen events. This money should be sufficient to keep you afloat in case there is a job loss or other such event where the income suddenly stops.

‘As a newbie to investing, how do I go about setting up an emergency fund?’ 4 financial experts answer

From three months to one year. That's how much of your monthly expenses should be part of your emergency fund.

Do you have the money to settle your hospital bills till the insurance company reimburses? Here's how to plan for this

Having a health insurance plan is not enough, especially, when insurance companies do not have any policies in place to reimburse their customers’ claims quickly. A healthy corpus in your emergency fund means that you are saved from digging into your pocket to pay your hospital bills. Remember that you are just a hospital away from being steeped into poverty, so do not ignore buying the necessary health cover.&nbsp;

Emergency Fund: Key things to keep in mind when building one

Emergency fund is a contingency savings fund meant for a rainy day, or a long monsoon. It has gained more significance in the COVID era than ever before. But before you start to save, you should have a concrete plan. Read further to know what are the key things to remember before creating an emergency fund

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Should self-employed choose a large emergency fund?

personal finance

personal finance

personal finance