As an individual it is important to build an emergency funds as it will come in handy for you whenever you need money during emergencies like health or accidents or when you're pressed for cash for example when you lose your source of income, to get started in building an emergency savings is to save just a little percentage each month could be 10% or 20% depending on your income.
You can build an emergency fund in one year or two and then you can put it on fixed deposit where it will appreciate with some interest, without a need for your input.
You can build an emergency fund in one year or two and then you can put it on fixed deposit where it will appreciate with some interest, without a need for your input.