An emergency fund is your financial safety net. It protects you during unexpected crises such as job loss, medical costs, or urgent home repairs. Financial experts recommend saving at least three to six months of living expenses.

Start small. Even saving ₹100 or $5 a day can grow significantly over time. Open a separate savings account specifically for emergency purposes. Automate monthly transfers to ensure consistency.

Reduce spending on non-essential items and redirect that money into your emergency savings. Sell unused items, take part-time work if possible, or use cashback rewards to grow your fund faster.

Keep emergency money liquid—meaning easily accesible but separate from daily expenses. Avoid investing emergency funds in risky markets where the value could drop.