Creating an emergency fund has been accepted as one of the primary goal to save for, irrespective of your age and stage in life. Such a fund provides the cushion a household needs to protect itself from loss or reduction in income or an unplanned large expense that can derail its financial security. But building the emergency fund in itself is not an end. The fund has to be continuously maintained and managed. There are three aspects to managing an emergency fund: determine the conditions under which the fund will be used, hold the fund in a way that it is accessible when these situations arise, and restock the fund every time you have had to draw on it.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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