Emergency Fund: Where to store it?

In my last post, I talked about emergency fund, its need and how to create it. I mentioned liquidity and wealth preservation being two very important factors in determining where to store one’s emergency fund. Liquidity of emergency fund is crucial because in crisis, the fund should be readily available for withdrawal and utilization. Wealth…

Emergency Fund: What is it, Why you need it and How to build it.

What is emergency? According to Merriam-Webster, an emergency is an unforeseen combination of circumstances or the resulting state that calls for an immediate action. Also, it is an urgent need for assistance or relief. Combining both, we can say that an emergency is an unforeseen combination of circumstances that calls for an immediate assistance or…

Smart ways to save money on your first job

Your first job brings immense joy, pride, and satisfaction along with it. However, it’s also often accompanied by a new place, shifting hassles which turn out to be a costly affair especially if you’re posted to places as Mumbai and Bangalore. Rent is often accompanied by huge one-time security deposit amount, starting from 50k and…

Got your 1st paycheck? Get into the savings habit now.

So, you just got your first paycheck, your hard-earned money. Suddenly you feel very rich. You are the happiest person in the world at the moment and you’ve already made plans on how to spend it – gifts for parents, girlfriend, boyfriend, the fancy gadget and clothes that you’ve waited for so long to buy and…