How much Emergency Fund do you need? | Is 6x of your expenses Enough? | Basic Finance - Class 3
In this Class 3 of Basic Finance, we focus on the importance of building an emergency fund. Learn why having one is crucial, how to accumulate it over time, and where to store it for quick access. We also highlight two common mistakes to avoid while creating your emergency fund, ensuring you're prepared for unexpected financial challenges.
Time Stamps
00:00 Introduction
01:33 What is the need for Emergency Funds?
02:14 How to accumulate the Emergency Fund?
03:08 Where to keep the Emergency Fund amount?
05:05 Avoid these 2 mistakes while creating Emergency Fund
05:35 Conclusion
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