| Smart financial planning doesn’t only mean assigning goals and saving for them. It also includes a good emergency plan. Life is full of surprises, some of which can be very unpleasant. Little do we know of what’s coming our way in the next few days. A medical emergency, an accident or any other urgent expense could throw our finances out of gear. Recessionary conditions or manpower cuts are cyclical trends that our economy has seen in the last 2 decades. Given that such a situation can be predicted but can’t be timed to perfection, the well planned individual always has an emergency fund at his disposal. |