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🛡️Financial Planning

Why You Need an Emergency Fund

Discover why 6 months of expenses in savings can save you from financial stress.

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🎯 Key Takeaways

  • Save 6 months of expenses for emergencies
  • Keep it in easily accessible accounts
  • Prevents taking high-interest loans during crisis
  • Build it gradually - consistency matters

📝 Video Transcript


      Life is unpredictable. Job loss, medical emergency, urgent repairs...
      
      An emergency fund is your financial safety net.
      
      How much do you need? 6 months of your monthly expenses.
      
      Example: If you spend ₹40,000/month, save ₹2.4 lakhs.
      
      Where to keep it?
      ✓ Savings account
      ✓ Liquid mutual funds
      ✓ Fixed deposits (short-term)
      
      Why it matters:
      → Avoid high-interest loans
      → Sleep peacefully at night
      → Handle emergencies without stress
      
      Start building yours today. Even ₹5,000/month helps!
    

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