How To Start Building Emergency Fund

emergency_fundWhat is emergency fund? It is important to know by heart what this thing is all about otherwise we won’t be staunch to effectively save up for this purpose. The amount of cash set aside for any unexpected costs like illness, something wears out that needs immediate repair and all other financial surprises that comes into our way is referred to as emergency fund.
Whether we like it or not, emergency can come into our way anytime of the day and without sufficient fund reserved for times like this, is absolutely stressful. So, here comes the crucial QUESTIONS – ‘Are you prepared to handle that stress?’ or ‘Are you financially prepared to cover emergency expenses?’ [Read more…]

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