Time To Build It Is Now Emergency Funds Why , How & How Much ?

#nri #nrimoneyclinic #emergencyfund
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[@sameerdeshmukh6362]

Good perspective.
Credit card limit can be wisely used as emergency fund, if you repay it completely every month. In last 20 years I have not paid even one rupee as interest on Credit card outstanding amount. it's a double edged sword if you can't keep control on exp.AND repay fully every month, don't treat Credit card limit as emergency fund

[@ravikanthreddy8526]

Health insurance is the primary thing one should have.. After taking health insurance only focus on building emergency fund.

[@saurabhmukherjee850]

Very good content sir for all the innocent retail investors of our India… EF is extremely important for all… We don’t have any kind of awareness regarding this… Thank you for your selfless service to build our Indian people a strong mindset regarding EFs .

[@srstudios4078]

Rather than we keep funds in FDs for emergency fund.. it is better to keep in Mutual funds and draw down as SWP..

[@williamhunter7131]

Abe chal bhag

[@1995Clint]

Credit card limit shouldn't be treated as part of the emergency fund since it only pushes out the expense to a future date. It can be treated as a tool for liquidity ie you can save your emergency fund in liquid funds which take a day or two to liquidate and use credit cards instead.

[@anandvaidya67]

Credit card available limit must not be included in Emergency Fund. CC only enables us to quickly pay [no redemption delays etc]. But this amount has to be paid back in the next cycle (15-20 days), preferably in full.

[@naliniganesh7037]

Don't ever overspend. I have been using credit card for more than 25 yeras. Never failed n payment. Used only for convenience sake. Live withon your means and stay cool and healthy.

[@loyaljobs5195]

Credit card will be part of A, living expenses. What about saving emergency fund in Gold certificate or physical gold bars? Its easy encashed and appreciation is sure?

[@zackoophilip]

Credit cards can be used only for very short periods like delay in salaries, for a period less than its payment cycle. It is not a real emergency fund at all.

[@natarajanravi6973]

Credit card limit can be used to overcome a short term cash crunch. The credit card due must be cleared immediately after the bill has been generated every month.

[@rakeshp7623]

Credit card cannot be treated as a part of emergency fund. At max, it's only an emergency loan.
Just because you have access to certain level of credit limit, you cant treat it as your's. You need to oay it back (with or without interest)

[@rejimanalil5396]

Thx sir. Valuable guidelines to secure safe retirement...❤

[@dm5665]

No need of any emergency fund if u have equity
/Debt portfolio in crores.