Namaste everyone!
Here we go today with another blog about indiaunited contest. This is my entry post for the contest. If you also want to participate you can click here and follow some basic rules given as per the community.
So let's talk directly on the topic about "EMERGENCY FUND". Firstly let's understand what are they and when they are needful. It is just a bundle of money or a collection of money and your are using them something is actually get serious in your life like some health issue, or get the accident or any other possible situation. So at the end it's all about the money. But the problem is from where will you bring that money. They are not growing on the tree.
As to be honest I am too small to manage by itself, but I have already had a plan how to work them all and how to manage them. I have already planed for all this stiff. So let me share with you guys too.
I have already thought that I will never pay any of the amount for liability from my capital or earned money. I will just put my money in the stocks or at any other investment which will give me money in return in longer period of time with a good percentage. And how much what will be the emergency within 2 to 3 period of days money can get withdraw easily out of it. And then you can make your payment more easily. The good thing will be that you might just need to give the profit or if the amount is bigger then some of your capital. And after that again you can reinvest the money easily.
So this is how I will be managing my money for the emergency fund. And make the payout from it. But the thing is you should take care of your money and make sure they are in the good position, and whatever action are you taking on them just make sure that they are correct. At the end I just only want to say invest your money by thinking properly and then make a good decision.
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