Disclaimer All Information provided on this website (THE MONEY UNIVERSE ) is for Educational & Informational Purposes only. I am not a SEBI Registered Financial Advisor, Analyst or Broker. Introduction Dear Readers Many people don't understand the importance of an emergency fund in their life. Life is not easy to live without money and when you don't have an emergency fund then you can't survive in difficult times. An emergency fund is a part of financial planning it's not an unnecessary thing . you can build an emergency fund for your financial life . In this article I will explain to you what an emergency fund is and why it is essential for you with examples. What is an Emergency Fund? A fund that helps you in unexpected situations is called an emergency fund. This fund can be very helpful for you in difficult times. For example: imagine a medical emergency You lose your job Your home needs a repair A family member or rel...
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