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How to set up an Emergency Fund
Category: Personal Finance | Tags: emergency funds, savings, personal savings, Investments, Money, setting up emergency funds
We are living in a world which has many possibilities of war, natural calamities, road accidents, stock market crashes, job loss, financial crisis and many other things.
How well are you prepared in such a situation. Do you have enough resources that will help you out of the problem and set you back on track? If not, you need to set up your Emergency Fund.
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The account types can be savings account, checking accounts, money market accounts, certificates of deposit, money market funds, and short-term bonds. These are good options to keep your money because you can take them at short notice. These are the most liquid investments. Liquidity refers to how quickly an asset can be converted into cash. However, find an option that can give you good interest rates.








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