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What is an emergency fund and why is it important?

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We never know when we may come across any emergency in our life. So, preparing for a financial emergency by creating an emergency fund is a very important measure in financial planning. An emergency fund is a corpus that you set aside to tackle financial difficulties also, help you during the crisis or unexpected and unplanned situations. One major aspect of this emergency fund is, this emergency funda re not meant for meeting your day to day expenses. The emergency fund you create must liquid to put it simpler tense, these funds should be accessible and can withdraw the money whenever you need it without any lag. So, start watching this video to get detailed information on the importance of emergency funds.

 
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