Emergency Fund: There will be no shortage of money in case of emergency, this is how you can raise funds every month; see calculation..

Operation Sindoor, which took place on 6 May, late last night, is in the headlines. Under this, Indian fighters have carried out air strikes on 9 terrorist groups in Pakistan. This attack is said to be a response to the Pahalgam attack that took place a few days ago.

Now the situation between the two countries has deteriorated so much that there is are chance of war. If there is a war, then an emergency-like situation can arise in both countries. In such a situation, we must raise enough funds for the future in advance.

67:33 formula can be adopted to raise emergency funds. Let us understand this through examples and calculations.

What is the 67:33 formula for an emergency?

Under the 67:33 formula, you will have to divide your salary into two parts. You can keep 33% of your salary for savings or emergencies. At the same time, you can use the remaining 67% money for essential and other expenses. In this way, you can prepare a big fund for an emergency.

Understand the calculation with an example.
Suppose a person's monthly salary is Rs 30,000. So out of Rs 30,000, you have to save 33 percent i.e. Rs 9900 for an emergency. At the same time, you can use the remaining 67 percent i.e., Rs 20,100, for essential expenses and other expenses.

How much should be the emergency fund?

It is said that to avoid any emergency, you should accumulate an emergency fund. This emergency fund should be equal to your 3 or 6 months' expenses. Only then can you face any emergency. Therefore, you have to raise money for at least 6 months' expenses.

Should an emergency fund be invested?
You can also invest the money raised in an emergency fund. But keep in mind that invest your emergency fund only in such a place from where you can easily withdraw. Because you will need this money when needed.

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