How can a three-layered emergency corpus help you ride out emergencies?

'Save for the rainy days' isn't just a phrase; it's a necessity. Since emergencies often knock on our doors without warning, it's crucial to be financially prepared for them. Which is why you need to have an emergency fund or an emergency corpus. So, let's look at how organising your corpus in three neat layers can ensure quick access to funds when you need them the most. What does a three-layered emergency fund look like? Here's how a three-tiered emergency corpus helps you balance liquidity, safety and returns efficiently. Layer 1: Cash in hand This is the cash you usually keep and is the ea

This article was originally published on October 22, 2024.