Contingency planning involves building an emergency fund sufficient to support an individual for six to twelve months without additional income, ideally parked in short-term liquid funds for quick access.

Authors

• Person: Not available Organization: PGIM India
  The 7 Founding Principles of Personal Finance - MoneyandMe

Sources

• The 7 Founding Principles of Personal Finance - MoneyandMe www.pgimindia.com PGIM India via serper

Referenced by nodes (1)

• emergency fund concept