Importance of an Emergency Fund

What is an emergency fund?
When we think of planning our finances, we usually think of future events that we are sure about.  We think of our long-term goals and short-te...
Thu, 22 Jul, 2021 at 12:22 PM
Why do we need an emergency fund?
The question is best answered by thinking of what happens if we don't have one!  An emergency fund is intended to help us meet unknown ris...
Thu, 22 Jul, 2021 at 12:32 PM
How much should one have in one's emergency fund?
This is a common question and an important one.  The answer will depend on numerous factors: your current income level,  lifestyle,...
Thu, 22 Jul, 2021 at 12:37 PM
How to manage your emergency fund effectively?
Like the name suggests, an 'emergency fund' is money that you can use in an emergency. There are two critical features of an emergency fund:&n...
Thu, 22 Jul, 2021 at 12:38 PM