Personal Finance
Future Proof Your Finances: The Art of Building an Emergency Fund
Establishing a readily accessible emergency fund enables individuals to swiftly overcome sudden expenses, ensuring a smoother path toward achieving long-term financial goals. The recommended coverage ranges from three to twelve months of expenses, depending on individual circumstances. The article provides insights into balancing risk, return, and liquidity for the emergency fund, advocating for diversification across asset classes to ensure safety and accessibility. It also stresses the importance of disciplined saving and reserving fund withdrawals exclusively for genuine emergencies.
By
Jayant Kamra
April 1, 2024
10 min