Today news
About the same in other media
YOUR MONEY: Simple steps to building an emergency corpus
Reading now: 307
By Hemanth Gorur
Lightning may not strike twice at the same place, but it certainly strikes at some point. Emergencies, similarly, are a part and parcel of life. Thus, emergency corpus is a mandatory component of one’s financial planning. However, what is troublesome is the uncertainty as to the timing of the emergency and the amount that may be required to deal with the emergency.
Amount required There are two approaches to determine the amount required. The first approach is to base the amount required on the salary you earn. So the emergency corpus amount could be three to 12 months of salary. If you are a self-employed individual, you can base the amount required on your monthly expenses. This could be three to 12 months of household
Read more on financialexpress.comAbout this in other media
Your Money: Types of mutual funds and the risks they carry financialexpress.com /3 years ago
Crypto scams: How to spot, avoid and protect your money while investing in cryptocurrencies financialexpress.com /3 years ago
Your Money: ‘Good’ and ‘bad’ debts: Know the differences financialexpress.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
