EMERGENCY FUND VS RETIREMENT FUND

Hello Friends,

My this blog is related to tell you about difference between Emergency Fund and Retirement Fund.

EMERGENCY FUND

Emergency fund is a fund which will be saved by an individual and used for the occurrence of any emergency in anyone's life. 

  • What do you think about Emergency Fund?
  • What is the use of Emergency Fund?
  • How much Emergency Fund requires for an individual?
  • Why we need Emergency Fund?
  • Is it mandatory to have an Emergency Fund?
  • Do you think that your parents are your Emergency Fund?

RETIREMENT FUND 

Retirement fund is a fund which will be saved by an individual in his young age and use it after his retirement. 

  • What do you think about Retirement Fund?
  • What is the use of Retirement Fund?
  • How much Retirement Fund requires for an individual?
  • Why we need Retirement Fund?
  • Is it mandatory to have Retirement Fund?
  • Do you think that your children are your Retirement Fund?
So the answers of the above questions need to analyse and attention that both the funds are necessary to live a comfort life. It will be depended on the following factors:
  • Choice of an individual
  • Smartness at the time of investment
  • Early decision to start invest
  • Income of an individual
  • Life Style of an individual etc.

"Investment in Emergency Fund is based on the choice of an individual but Retirement Fund is not the choice it is must and needs your smartness and early decision to start investing to get a good retirement corpus to live a comfortable retirement life."

"Each and every person have different income and different life style so anybody can choose the amount for investing in Emergency Fund as well as Retirement fund as per their current income and lifestyle and can increase the investment amount as per increase in anyone's income."

I hope it will be helpful to you. 

Thanks and Regards

Kulvinder Kaur
B.Com(H), MBA(Finance)
9871580806,8826566751
rightsteptoinvest@gmail.com

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