Why building an emergency fund is crucial? Financial goals in 2025 and expert tips
1 week, 1 day ago

Why building an emergency fund is crucial? Financial goals in 2025 and expert tips

Live Mint  

Emergencies usually don't happen when you expect them to, but they can happen anytime. "For anyone aiming to secure their financial future, starting the year with a focused action plan to build an emergency fund is essential. According to financial advisers, an emergency fund should primarily be used as a safety net for unforeseen life events like losing one's job, getting sick, or needing urgent repairs. By building your emergency fund today, you are securing your future and ensuring that you can navigate hardships without disruption,” said Siddharth Maurya, Founder & Managing Director of Vibhavangal Anukulakara Private Limited. Then, evaluate your spending habits, identify unnecessary expenses, and redirect those savings into your emergency fund,” said Abbhinav R Jain, Co-founder & Chief Financial Officer of AdCounty Media.

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Build Wealth: Secure Your Future With These 5 Personal Finance Habits
3 weeks ago

Build Wealth: Secure Your Future With These 5 Personal Finance Habits

ABP News  

By Ramneek Ghotra Managing personal finances effectively is key to building a secure financial future. 20 per cent to self-care and discretionary expenses like dining out, hobbies, entertainment or even personal development. 20 per cent for savings aimed at long-term goals like retirement, buying a house, or starting a business. 10 per cent for emergencies to ensure you’re prepared for …

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4 months, 3 weeks ago

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ABP News  

An emergency fund is a crucial part of your personal finance portfolio for it offers financial freedom and peace of mind. Having an emergency fund can protect your financial stability and empower you to make decisions without being clouded by financial stress. Your emergency fund can help you take care of essential expenses like food, rent, loan EMIs, utilities, insurance …

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8 months, 2 weeks ago

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Live Mint  

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1 year ago

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Live Mint  

As we near the conclusion of 2023, now is an opportune moment to pause and evaluate our financial standing. Functioning as a safety net, an emergency fund furnishes you with financial resources to manage unforeseen expenses, preventing the need for accumulating debt or depleting your savings. Ignoring the need for insurance Life insurance and health insurance stand as crucial elements …

Expert's Guide On How To Save For Emergency Fund
1 year, 7 months ago

Expert's Guide On How To Save For Emergency Fund

News 18  

An emergency fund is crucial for individuals because it provides financial security and peace of mind in the face of unexpected events. Avinash Ramachandran, chief operations officer, Assurekit shares if you don’t have an emergency fund, you may be forced to put these expenses on credit cards or borrow money from friends or family. An emergency fund acts as your …

How to manage emergency fund effectively? Here are 3 ways
1 year, 11 months ago

How to manage emergency fund effectively? Here are 3 ways

Live Mint  

You never know when you might suddenly need money to tackle emergencies. Setting aside enough money in an emergency fund can not only help you repay your debt but also alleviate the effect of an unforeseen financial crisis. There are myriad ways in which you may effectively manage your emergency fund some of which include Set aside enough money in …

Your Questions Answered: How to reach your financial goals, build an emergency fund and much more
2 years, 3 months ago

Your Questions Answered: How to reach your financial goals, build an emergency fund and much more

Live Mint  

My income is predictable. Your financial advisor is in the best position to understand your needs and to recommend a suitable fund that also matches your risk profile. A financial plan helps you zero in on what you want to accomplish—for example, buy a home, take annual vacations abroad, or retire early. As your financial goals evolve over time, your …

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2 years, 3 months ago

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Daily Mail  

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Looking to build an emergency fund? Here are 5 most important components
2 years, 7 months ago

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

Live Mint  

In the first part of this series on Emergency Fund, MintGenie gave you a simple guide on how to go about building your emergency fund. 2) Savings Bank Account: Parking the funds in savings account is one of the great ways to maintain emergency corpus. 3,000 per month of EMI for his mobile phone Mr. K should have a minimum …

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2 years, 8 months ago

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

Live Mint  

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2 years, 8 months ago

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Live Mint  

Emergency fund is one of the first Must Do Activities any individual should do before starting investing. • Thumb rule is that one should have 12 months of his monthly expenses plus going on EMIs as his/her Emergency Fund. • Suppose Radha and Jay both are in retail industry and draw approximately the same amount as salary they can have …

Seven Easy Steps For Young Women to Manage their Money Better
3 years, 10 months ago

Seven Easy Steps For Young Women to Manage their Money Better

News 18  

Gone are the days when only men were expected to be the ones who managed all the finances of the family. Short-term goals are objectives that can be achieved within one year and Long-term goals require more effort, and could take several years to achieve. Having debt can get in the way of meeting financial goals, not only does it …

Budgeting won't cure my sick dog, but it's made things a lot easier
4 years, 10 months ago

Budgeting won't cure my sick dog, but it's made things a lot easier

ABC  

I've found myself weeping a lot this week. "The size of the emergency fund and how you approach it would be different for different people, but I think that it's important that everybody can access a bit of money in an emergency." "I think it's really good to look at your current situation, see what you can afford to put …

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5 years, 4 months ago

How to invest your tax return before you blow it

ABC  

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Opinion | Having an emergency fund can ease financial, emotional pressure
5 years, 8 months ago

Opinion | Having an emergency fund can ease financial, emotional pressure

Live Mint  

Vidya, an old client, called me at 9 pm once. In both the cases, the families didn’t have health insurance or an emergency fund, and the events were unforeseen, yet, needed immediate financial resolution. It’s important to analyse the household budget for the gestation period of the startup becoming profitable and create an emergency fund to meet it. However, the …

Plan your investments for this year, don’t rush
5 years, 9 months ago

Plan your investments for this year, don’t rush

Live Mint  

Mumbai: Amit Choudhary, 40, an accounts manager at Shemrock Group of Schools in Delhi, thinks that a new financial year is a good time to look at one’s finances. “For FY20, if the markets get volatile considering it is an election year, I would still continue my investments.” Financial planning is about creating a plan to meet one’s financial goals. …

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