Svat Learning

A lot of us might already know these points and their importance, but still fail to follow. 🤷‍♀️

Hit a like if you agree. 👇

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A lot of people ask me whether should I invest all of my money or keep something in savings as well?

My answer is to keep an emergency fund always.

Given, the importance and urgency you would have to use the emergency fund, you should always keep it in more liquid form. For ex: either keep it in your savings account itself or you can put it in an FD.

Do you maintain an emergency fund for yourself? Let me know in comments.

PS: Want to learn the complete roadmap of how to become financially literate? From investing to savings to insurance? Join my FREE LIVE MASTERCLASS this Sunday. { Registration link in comment}

It is important for us to understand what we can buy based on a balanced combination of both income and emotions.

For example:
📱 Should I buy my favourite phone worth Rs. 70K today?
🚕 Is it the right time for me to buy a car?
💎 Can I buy a house, given my current situation?

Now, my emotions definitely want me to have these, and we definitely want to be emotionally happy in our life.

However, do my finances support this type of expense? 🤔

And vice-versa as well. Many people calculate that buying a house is not financially wise. But if one can afford, why not? 🤷‍♀️

The answer to all these lies in budgeting and financial planning.

Follow Learning to know more about budgeting, personal finance, and investments in future posts.