Unlike the past days where we had to run pillar to post to get a loan from someone, these days it is very easy to get money with our credit cards. Of course, the interest rate is high, but we can tolerate and afford paying that amount to save our lives.
Instead of keeping an amount, holding a credit card is the best option to meet any emergency requirements.
No life without Sun
Knowledge is power.
I have a health insurance policy which will take care of heavy expenses and the limit I have is very much sufficient for amounts up to five lakhs. Similarly all my family members are having heath insurance. So heavy expenditure will be taken care by that policies.
Living & Learning- simultaneous processes!
Insurance is the way to go ....
Wants are like horses as a rider we need to use the horse halter wisely in order to reach our desired destination safely-- Bhushan
“The most important thing in life is to learn how to give out love, and to let it come in." — Morrie Schwartz
Getting medical insurance policies is a very good option as it covers many diseases where a person needs to be hospitalised and has to spend lots of money. But still, there are people who don't have the mediclaim policy as they think they won't need any major medication but that's wrong as no one knows the future.
As far as I am concerned I do keep some amount of money in the bank a count in the form of a fixed deposit to cater such issues if occur in life and all of us should do it.
" The two most important days in your life are the day when you are born and the day you find out why? "
– Mark Twain