Why You Need To Have Some Emergency Cash Available
December 6th, 2009
Emergency cash is the saving which we need to keep aside for facing unforeseen situations like accidental issues, job issue etc. It is some kind of mandatory investment absence of which several problems arise when one might need to borrow money to meet that dangerous scenario which is not at all welcoming.
emergency cash should also be kept in liquid form as it needs to be accessible easily. It should be kept in a normal savings account with the ATM card as a tool for easy withdrawal. This amount should not be kept in a higher proportion. Just a back up of 1500$ is enough as it provides nominal return.
Entry Filed under: Business