Before the Pandemic, the entire FIRE community was adamant on having six months of emergency funds. Before anyone even starts paying off their debts, it is advised to save up to six months of expenses. Now due to the pandemic, almost everyone is advocating up to two years of expenses saved. But do we really need them? There’s an alternate […]
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Maintaining Emergency Fund Is Important Too!
In the last post we discussed about how to build your emergency fund and where to park this money. However, maintaining your emergency fund is also important. Let’s say you’ve build your emergency fund and had to use it for an emergency car repair. Isn’t it a great feeling to not worry about where you get the extra cash during […]
read moreWhere To Park Your Emergency Fund?
For the past few days, I’ve taken a break and have been “consulting” with a few of my friends and family over budgeting. I could do this for a living 😛 The first consulting session I took were basic ones some of which I have already covered in my previous blog posts. If you’re new here, you should refer to […]
read moreWhere All Should You Invest?
Once you’ve decided that you want to start investing, the next natural question is where all should I invest? Depending on your risk capability there are various instruments where you can put your money. For simplicity, assuming you’re a novice investor, I’ll list a few instruments you should consider. Emergency Funds (EF) Before you get into building wealth, first and […]
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