Financial Literacy Focus – Emergency Fund 101

An emergency fund is your personal financial safety net. It's not for shopping or vacations — it's there when life throws you a curveball. Why you need it: • Sudden job loss • Medical emergencies • Urgent home or car repairs • Unexpected travel How much is enough? Aim for 3 to 6 months of essential expenses — rent, bills, groceries, EMIs. Where to keep it? • In a high-interest savings account • Liquid mutual funds (for slightly better returns) • Avoid locking it in FDs or risky assets Pro tip: Start small. Even ₹500–₹1,000/month adds up. The goal is consistency, not perfection.