Quote by PARTH UPADHYAYA - Deepstash
PARTH UPADHYAYA

Life is uncertain. To meet the uncertainties that life offers it is necessary to have an Emergency Fund. Emergency Fund will also protect your other Investments as you will be no longer required to do premature liquidation of your investment.

Someone has rightly said " It is better to have an Emergency Fund and not need it rather than needing an Emergency Fund but not having it".

PARTH UPADHYAYA

9

178 reads

Similar ideas

Not Having a Cushion

It’s important to have an emergency fund. When your car breaks down, you have money to pull from, rather than screwing up your budget for the next few months until you get back on track.

It might take you some time and slow down your goal progress, but building an emergency fund will kee...

Building a budget

  • The traditional budget starts with tracking expenses, getting rid of debt, and then building an emergency fund.
  • But you can speed up the process by building a partial emergency fund. It will act as a buffer to replace the use of a credit card for e...

The Carelessness Effect

Having a safety device in place, and armed with the knowledge that we can push the envelope a bit, the appetite for risk increases.

  • People who have an emergency fund in place tend to be less careful about their investments.
  • People wearing a face-mask in this...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates