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Why do you need an emergency fund?

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financialexpress.com

After going through the unanticipated lockdowns and massive health crises in the wake of COVID-19, it is quite clear that emergencies can occur anytime without any warning signals.

This is the biggest reason why people have grown more conscious about prudent money management and creating emergency funds.Indraneel Chatterjee, Co-founder, RenewBuy says, “Emergency funds should be created in life to meet any kind of unforeseen mishap- like a car breakdown, job loss, or medical expenses.

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