anuragmukherjee28
Moderator
"How much should one aim to have in their emergency fund, and what's the best way to start saving for it?"
thanks for thisFirst calculate your fixed monthly expenses (including EMIs, rent, bill payments, groceries etc) and your should aim to have an emergency fund that can cover you for 5-6months without your regular income source. This fund should be easily liquidated meaning you should be able to retrieve them easily. My suggestion would be to put this in FD (in case you have lumpsum) or start a RD.
3-6 month of month basic expenses in liquid assets.."How much should one aim to have in their emergency fund, and what's the best way to start saving for it?"