If you have allocated your assets properly and have
sufficient emergency money, you shouldn't need to worry.
Not exact matches
If you've been stowing away
money in to a Roth IRA and an
emergency strikes you pull out contributions
sufficient to tackle the
emergency while leaving at least the earnings in there.
If you put all of your extra
money into your loans without first establishing a
sufficient emergency fund, then you're setting yourself up for disaster.
Of course having the
sufficient sum of
money in the
emergency fund it the best way to struggle temporary financial rough going but the fund is not always available.
Although you may have a
sufficient amount invested to fund your retirement, will you be able to access
money quickly in an
emergency?
Also I have surplus amount Rs. 3Lakh, shall I invest in BSL MIPII wealth 25 (G) for 3 ~ 4 years instead of FD (Already I have
sufficient money in FD for an
emergency)
Of course, this assumes you have
sufficient liquid assets in
money market and short - term bond funds to meet
emergencies and planned big - ticket expenditures over the next several years.
Don't forget to provide enough
money for living expenses, as well as
sufficient money for your family to set aside in case of an
emergency.