POSTED BY January 27, 2013 11:35 am COMMENTS (6)ON
My employer (PSU) will pay all my medical expenses. And so not taken medical insurance.
I think emergency fund is mainly to meet medical expenses. Also, I will not change job, so no break in monthly funds inflow.
May I know what are the other uses of emergency fund? Do I need to still create emergency fund?
If yes, please tell me the product where can I park my emergency fund. My tax rate is 10%.
R Siva Prasad