Sentences with phrase «sudden need for funds»

Not exact matches

I agree, the funds may be out of the way when that emergency hits, so I would probably use my credit card first for that sudden need for cash, then immediately funnel my emergency fund in the next few days and * pay off * the credit card balance right away (like within the few days it takes for me to transfer the money from the emergency fund to the credit card account).

That means if an unexpected emergency expense comes up (like your car or house needs sudden repairs), you can postpone paying off your credit card balance for a month or two to free up funds that can cover the more - pressing issue.

But it's worth remembering that without a rainy - day fund any sudden financial obligation could siphon funds away from where you really need it — your credit card payments, retirement savings, or money you're building for a major purchase like a house or car.

Moreover, if he / she has a fixed financial goal in mind, e.g. a retirement corpus or an emergency fund for sudden medical expenses, SIP calculators also help him / her estimate the amount of money he / she needs to invest every month to achieve his / her financial goal for future.