An emergency fund helps mitigate a financial emergency. It can be 3 to 6 months of monthly expenses. It is not prudent to rely on credit cards for emergency fund purposes. In the long run, you should build and maintain a separate emergency fund.
Credit card for emergency fund: Is it a smart choice? Find out here
livemint.com - 15 Jan 2025 10:13
An emergency fund helps mitigate a financial emergency. It can be 3 to 6 months of monthly expenses. It is not prudent to rely on credit cards for emergency fund purposes. In the long run, you should build and maintain a separate emergency fund.
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