Why not make some financial resolutions for 2020 and be on top of your finances. Stick to a few financial resolutions, and over the next few months, you might stop thinking this way. Keeping six months’ expenses aside is just a thumb rule. But individuals still borrow to fulfil their wishes or maintain a lifestyle or when there are offers such as zero interest loans. You should, therefore, first clear credit card dues that carry monthly interest rate of 4% (or 48% annually).

Source: Mint January 01, 2020 05:26 UTC