With no places to go and splurge during the lockdown, many of us ended up saving a good amount of money. You can build/increase your emergency fundCovid-19 pandemic has taught us how important it is to have an emergency fund. As the name suggest, emergency fund or a contingency fund is a fund kept aside for an emergency. Now the money saved during the pandemic can be used to create or increase your emergency fund. Now with some money saved in hand, you can actually plan ahead for a trip or a purchase.

Source: Mint November 21, 2020 04:41 UTC