by Lxmecommunity on Oct 21, 2022
368 members
631 posts
A community of women that help you 1. Learn the basics about investing2. Earn money from home3. Invest in the right tools4. Borrow from the right sources 5. Spend wisely - using golden budgeting tips
What role does emergency savings play in achieving financial stability and goals?
1
1
Answer
M
318d
・answered 318 days ago
Hey! An emergency fund is equivalent to 6-8 months of your monthly expenses and it is the sum of money that you put aside for any contingencies falling upon you. You can create an emergency account by investing in securities that are highly liquid while allowing your money to grow. The ideal way of investing in an emergency fund is by keeping 10% of the amount required in a bank account which provides a high-interest rate. The remaining 90% can be invested in instruments like ultra short term debt mutual funds, short-term fixed deposits, recurring deposits, etc. Visit the MyMoney tab to check out the Goal Calculator to know how much you need to invest and then explore LXME Gulluck and Ultra-short term portfolio. Hope this helps! https://lxme.onelink.me/95JV/LXMExCoto
0
Comment
Trending Creators
Networking
Eating Disorders
Eating Disorders
S
Eating Disorders
Eating Disorders
Eating Disorders
S
Eating Disorders
Eating Disorders
Eating Disorders
M
Eating Disorders
Load more
Trending Communities
Personal Finance
Financial Independence
Financial Independence
Financial Independence
Financial Independence
Personal Finance
Financial Independence
मम
Financial Independence
Personal Finance
Personal Finance
Load more
More Questions Like This
Top discussionWhen will I get married and how will be my financial status
Top discussionWant to discover clever ways to turn your skills into cash?
Top discussionwill i be rich?
Top discussionI invested in online trading and my money got stuck I didn't get any funds back my question is when I get it
Top discussionCarrera marriage kebateme batao money problem hai
Top discussionMera fainaincial problem Kab Khamenei hoga?
Top discussioniam struggling with a problem like I have lost some sort of amount . n m willing to get it back soon .
Top discussionmeri finance and career ke bare mein bataiye. Main beautician Hoon. In future Mera career Kaisi Rahegi? In future Meri finance Kaise Rahegi?
Popular opinionMy friend who is married now told me that now she is much more financially independent then she was single. I am confused whether one should get married or remain single as it makes you more financially independent. Which view do u support ? Pls advice me.
Popular opinionHi, we are going through some troubles right now. How can my family and I manage ongoing financial difficulties while planning for a stable future? What cost-cutting tips, income boosting ideas, and savings strategies have worked well for others in similar tough money situations? @Preetha_Balakrishnan
Trending creators for you
See AllI am a Professional Tarot card reader, Violet flame Reiki Master teacher healer,Lama fera grandmaster,Grief Reiki and anti-depression Reiki healer..I connect with the divine to get guidance for you.There is a Divine's blessings in my life.I connect with White Tara ma🙏more
I am an, Educator,Tarot card reader,Numerologist,Bhrigu Nandi Nadi Expert Author .I am available to give much suitable solutions of your problems 😊more
I’m a Numerologist dedicated to helping you understand the significance of numbers in your life. My sessions focus on providing insights into your personal and professional life through numerology, helping you make decisions that align with your true path. Let’s work together to unlock the secrets of your numbers.more
I am an intuitive tarot reader with a passion for helping others gain clarity and insight through the cards. With years of experience, I provide compassionate, honest readings to guide you through life's challenges and decisions. Whether you're seeking answers about love, career, or personal growth, I'm here to offer spiritual guidance and empower you on your journey.more
Trending communities for you
See AllTogether, we shall peel off the Cover of Intimidation wrapped around the word 'FINANCE'. Let's vouch to never be dumbfounded again when people drop big and weird jargons left, right & center.more
424
254Being Financially Smart is about being aware,alert and applying the knowledge acquired to make smart choices and informed life decisions to lead a healthy ,wealthy and stress-free lifestyle.more
1.4k227कैसे महिलाएं घर से अपना खुद का व्यवसाय शुरू कर सकती हैं और आर्थिक रूप से स्वतंत्र हो सकती हैं💵more
A community of women that help you 1. Learn the basics about investing2. Earn money from home3. Invest in the right tools4. Borrow from the right sources 5. Spend wisely - using golden budgeting tipsmore
मम
238151वुमेन एम्पॉवर्मेंट् का एक बहुत अभिन्न हिस्सा है आर्थिक स्वाधीनता (financial independence). फाइनेंस समझना मुश्किल काम नहीं है, मुश्किल काम है लोगो की सोच मे बदलाव लाना। तो आइये साथ मिकर ये चनौती का भी सामना कर लेते हैं।more
20224This community is for making finance understandable for all. Here, we will share our learnings and experiences around money matters!more
303266This is to give information on personal finance. How to create wealth for yourself. How to be money wise. This is for women who can earn or save good money but don't know how to invest for their security and future.more