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Use of Emergency Fund
After one lands in a job, the first thing that most parents will tell is to save money. Saving money, especially for someone who is in their first job and living alone in a big city, may not be easy. But it is also not difficult.
By now your organisation must have handed out the bonus and increment. If you are one of the few lucky people to receive an increment and bonus or at least one of the two, it is crucial that you use it wisely and don’t squander it.
From our childhood, we are taught not to waste money and always go for the cheapest available option. But not all things that appear to be expensive are bad for your pocket.
Emergencies come unannounced. No one can predict when it is going strike. The only thing that we can do is to prepare ourselves for any unforeseen circumstance.
Imagine that you have a pizza in front of you. But the pizza has six different types of toppings with different crusts. Would not that be awesome?
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