The Importance of an Emergency Fund

Prabin Agarwal
Founder & CEO, Prabin Agarwal - Empowering Investments

One of the important money lessons that this pandemic has taught us is the importance of having an emergency fund. Very often, investors have plans for their children’s education and their own retirement but ignore creating an emergency fund to tackle the uncalled for situations in life. The pandemic brought to light various emergency situations such as lay-offs, pay-cuts and growing medical expenses that one could possibly face but never accounted for during financial planning.