What is an Emergency Fund? | How to build it? | Personal Finance for Beginners Ep - 1

Welcome to the first episode of our Personal Finance Series! In this video, we delve into the very first building block of personal finance i.e. emergency funds. Discover what constitutes an emergency fund, its paramount importance in personal financial stability, and why everyone needs one. Karthik Rangappa guides you through a step-by-step process on how to build a robust emergency fund, ensuring you're prepared for life's unexpected curve-balls. Additionally, he sheds light on common mistakes to avoid and highlight key points to remember, setting you on the path to financial resilience. Join us on this journey toward securing your financial future – because being financially prepared is the first step to true financial freedom!

Time Stamps
00:00 Introduction
01:16 Why do we need an Emergency Fund?
03:15 How to build an Emergency Fund?
03:20 Step 1 - Identify the amount you need for emergency fund
04:10 Step 2 - How to accumulate this amount?
04:33 Step 3 - Where to save the emergency corpus?
06:00 Points to remember
7:22 Conclusion

Links to Refer
Learn more about Arbitrage Fund here:
https://zerodha.com/varsity/chapter/a...

Learn more about investing and finance here:
https://zerodha.com/varsity/modules/

Other Important Links
You can put your stock market knowledge to the test by taking the Varsity Certification test here: https://zerodha.com/varsity/certified/
Open Zerodha Account - https://zerodha.com/open-account?c=ZM...

Social Media
Twitter -   / zerodhavarsity  
Instagram - https://www.instagram.com/zerodhavars...

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