• Property

Do you have any emergency fund which is ready and could be utilized anytime needed? Nope, emergency fund is not our credit card. The interest is far too high for it to become an emergency fund and it will just cause the whole situation to become worse. Usually. people say at minimum, 3 months of salary amount should be kept in the bank as our emergency fund. Some however declared that 6 months would be a better number since 3 months may not be enough to find a new job.