Personal Finance

Spend less than you earn, invest the rest

Novice

Mastery0%

Novice

Note. Education, not financial advice. Tax rules, regulations and product specifics change, for real money decisions, talk to a SEBI-registered advisor whose incentives don't depend on selling you a product.

Concept 02 of 19

settled

Emergency fund first

Three to six months of essential spending, in a boring place you can grab in a day.

Definition

A liquid cash buffer of three to six months of essential expenses, kept in a boring high-interest account you can access in a day.

Step 1

Predict first

In one or two sentences, what do you think this concept means? Wrong is fine; the small struggle is what makes the answer stick.