Try GOLD - Free
How To Use Your Emergency Fund?
The New Indian Express Tadepalligudem
|January 27, 2025
UBRA has ₹1 lakh of emergency fund. Should Subra use that money to invest in ELSS to save some income tax?
Reader's Question.
I asked her how much is your monthly expenses? She said ₹50,000 but could go up to ₹70,000. How much time did it take to build this ₹1 lakh as emergency fund?
She said—about 8 months.
This is what I told her: You need about ₹4-6 lakh as emergency fund because you have young children and ageing parents to support. Right now, you have only ₹1 lakh and you have struggled reaching here. Also, using Emergency fund for investing or even paying Income tax is not the best way to handle money! Paying taxes is better than investing in ELSS especially for you.
This story is from the January 27, 2025 edition of The New Indian Express Tadepalligudem.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Tadepalligudem
The New Indian Express Tadepalligudem
Country’s first AI centre to study human-elephant conflict in Palamu soon
THE country’s first human-elephant conflict research centre is set to be established in Palamu Tiger Reserve (PTR) in Jharkhand.
1 min
May 18, 2026
The New Indian Express Tadepalligudem
Prudential plc to acquire 75% stake in Bharti Life Insurance from Bharti Ent
BHARTI ENTERPRISES on Sunday announced that UK-based insurer Prudential plc has agreed to acquire a 75% stake in Bharti Life Insurance Company Ltd from Bharti Life Ventures Pvt Ltd and other selling shareholders, marking a significant consolidation move in India’s fast-growing life insurance sector.
1 min
May 18, 2026
The New Indian Express Tadepalligudem
53 pilgrim deaths in Char Dham this season, Kedarnath shrine leads at 28
AS many as 53 pilgrims have lost their lives during the world-renowned Char Dham Yatra so far in Uttarakhand this season, with 28 deaths occurring at the Kedarnath shrine alone, official reports from the State Emergency Operation Centre (SEOC) said.
1 min
May 18, 2026
The New Indian Express Tadepalligudem
ZERO FARMER SUICIDES; DISTRESS STILL REMAINS
TELANGANA has come a long way since its formation in 2014. While development is often measured through indicators such as state gross domestic product, per capita income and soaring skylines, one statistic perhaps reflects the state’s transformation more meaningfully than the skyscrapers rising across Hyderabad—the number of farmer suicides.
1 mins
May 18, 2026
The New Indian Express Tadepalligudem
WHO declares Ebola outbreak global health emergency
THE World Health Organization declared the Ebola disease outbreak caused by a rare virus in Congo and neighboring Uganda a public health emergency of international concern on Sunday, after more than 300 suspected cases and 88 deaths.
1 mins
May 18, 2026
The New Indian Express Tadepalligudem
14 new faces in Satheesan's 21-member Kerala cabinet
KERALA chief minister-designate V D Satheesan on Sunday announced the names of those who will be part of his new cabinet ahead of the swearing-in ceremony scheduled for Monday 10 am in Thiruvananthapuram.
1 min
May 18, 2026
The New Indian Express Tadepalligudem
EQUITY INVESTING & RISK TAKING ABILITY
NOT every investor has the ability to take Risk and even among those who can, the appetite is often limited.
2 mins
May 18, 2026
The New Indian Express Tadepalligudem
J&K villagers clean spring as green tradition
IN the scenic village of Panzath in Jammu and Kashmir’s Anantnag district, a centuries-old tradition continues to unite communities for environmental conservation to clean a natural spring named Panzath.
1 mins
May 18, 2026
The New Indian Express Tadepalligudem
Taiwan says it will never be ‘traded away’ by China
TAIWANESE President Lai Ching-te said on Sunday that Taiwan will never be ‘‘traded away’’ as he pressed the United States to keep selling weapons to the island democracy to maintain regional peace.
1 min
May 18, 2026
The New Indian Express Tadepalligudem
FMCG companies eye fresh price hikes
DAILY essential products such as soaps, biscuits and beverages are likely to witness upward revision in prices following the price hike in petrol and diesel by ₹3 each last Friday.
1 mins
May 18, 2026
Listen
Translate
Change font size