Lightning may not strike twice at the same place, but it certainly strikes at some point. Emergencies, similarly, are a part and parcel of life. Thus, emergency corpus is a mandatory component of one’s financial planning.

However, what is troublesome is the uncertainty as to the timing of the emergency and the amount that may be required to deal with the emergency.

Read the full article published originally on Financial Express: YOUR MONEY: Simple Steps to Building an Emergency Corpus