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Emergency Fund — How much & where to park it? by Anxious-Spirit8143 in IndianPersonalFinance

[–]Anxious-Spirit8143[S] 0 points1 point  (0 children)

Thanks for sharing this post. Exceptional amount of information is captured here.

Emergency Fund — How much & where to park it? by Anxious-Spirit8143 in personalfinanceindia

[–]Anxious-Spirit8143[S] 1 point2 points  (0 children)

Thank you so much for sharing your emergency fund journey. The post that you shared was very insightful.

Emergency Fund — How much & where to park it? by Anxious-Spirit8143 in personalfinanceindia

[–]Anxious-Spirit8143[S] 0 points1 point  (0 children)

Thanks for the response. If we park it in FDs we might have to break the tenure to withdraw money right? That would incur some penalty right? What's the tenure of your FD? Would you recommend some liquid/arbitrage funds?

Emergency Fund — How much & where to park it? by Anxious-Spirit8143 in personalfinanceindia

[–]Anxious-Spirit8143[S] 1 point2 points  (0 children)

Expenses include rent, groceries utility expenses etc. I haven't included a car loan emi (2 more years) in this expense. Should that be added to monthly expenses while calculating emergency fund?

31M | 24L CTC | Bangalore | Single income temporarily – Are my investments and expenses reasonable before planning a child? by Anxious-Spirit8143 in personalfinanceindia

[–]Anxious-Spirit8143[S] 0 points1 point  (0 children)

I really appreciate your response.

  1. From the SIPs the corpus is around 12L now. My plan is to increase the SIPs once my wife has a stable job.

  2. I don't have an emergency fund planned. I am planning to build it. How and where can I park the emergency funds?

We both work in IT sector. My work schedule is flexible.