Try GOLD - Free
How To Use Your Emergency Fund?
The New Indian Express Tiruchy
|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 Tiruchy.
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 Tiruchy
The New Indian Express Tiruchy
'Our mission is to develop well-rounded leaders, not just skilled managers'
IIM Shillong Director-in-Charge Prof Nalini Prava Tripathy reflects on the institute’s approach to learning, outreach, and regional engagement
3 mins
November 17, 2025
The New Indian Express Tiruchy
Door-delivery of rations: Staff bear the brunt as transport cost exceeds allocation
RATION shop supervisors are frowning at the allocation of expenses by the cooperative department to distribute rations to beneficiaries under the Thayumanavar Scheme, as the allocated amount, according to them, is not sufficient to deliver the goods.
2 mins
November 17, 2025
The New Indian Express Tiruchy
‘Indians have to risk losing to be successful’
DURING his heydays in the 1980s, USA’s Freddie Spencer was at the pinnacle of Grand Prix motorcycle racing.
1 min
November 17, 2025
The New Indian Express Tiruchy
BHU researchers revive timeless rice variety 'Adam Chini' with innovation
FARMERS in the eastern districts of Uttar Pradesh are seeing their dreams take flight with the revival of the aromatic black rice variety, Adamchini.
1 mins
November 17, 2025
The New Indian Express Tiruchy
Bengal guv warns of legal action against TMC MP
WEST Bengal Governor C V Ananda Bose on Sunday threatened to take legal action against veteran Trinamool Congress (TMC) MP Kalyan Banerjee over his “invective” remarks leading to a confrontation.
1 mins
November 17, 2025
The New Indian Express Tiruchy
'GST rate cut boosted Oct vehicle loans'
CHOOLAMANDALAM Investment and Finance Company president and CFO Arul Selvan said that the NBFC’s advances in two-wheelers and passenger cars segments went up in October after the GST rationalisation in September.
2 mins
November 17, 2025
The New Indian Express Tiruchy
DMK cadre and supporters alone are getting SIR enumeration forms: TVK
TVK general secretary N Anand and the party’s general secretary (election campaign management) Aadhav Arjuna on Sunday targeted the DMK heavily in the demonstration organised by the party in Chennai, as part of its statewide protest against the ongoing Special Intensive Revision (SIR) of electoral rolls.
1 mins
November 17, 2025
The New Indian Express Tiruchy
Zelenskyy spearheads bid to revive Russia prisoner swaps
UKRAINE is working to resume prisoner exchanges with Russia that could bring home 1,200 Ukrainian prisoners, President Volodymyr Zelenskyy said Sunday, a day after his national security chief announced progress in negotiations.
1 min
November 17, 2025
The New Indian Express Tiruchy
Delhi airport traffic in Apr-Oct falls 3.5% due to upgrade, airspace closure
GMR Airports Limited reported a 3.5% year-on-year decline in passenger traffic at its flagship Indira Gandhi International Airport (DEL) for the first seven months of the current fiscal due to year runway upgrade and airspace closure, according to a mandatory filing with the stock exchanges.
1 min
November 17, 2025
The New Indian Express Tiruchy
'The answer is us': Indigenous groups protest
HERE in Brazil, marchers revelled in their right to be heard, their voices rising in a city chosen precisely to focus the world's attention on the Amazon and its defenders.
2 mins
November 17, 2025
Listen
Translate
Change font size