{"id":1242,"date":"2019-11-02T18:03:00","date_gmt":"2019-11-02T12:33:00","guid":{"rendered":"http:\/\/blog.budwisefunds.com\/?p=1242"},"modified":"2020-12-07T18:15:55","modified_gmt":"2020-12-07T18:15:55","slug":"what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain","status":"publish","type":"post","link":"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/","title":{"rendered":"What should be the ideal emergency corpus the individuals should maintain !"},"content":{"rendered":"\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The future is uncertain and all of us know it. But still, we ignore the fact and do not prepare ourselves for future contingencies that may adversely affect us.<\/span><\/p>\r\n<p><span style=\"font-size: 24px;\"><strong>Further Reading: <a href=\"https:\/\/sipcalculator.in.net\/\" target=\"_blank\" rel=\"noopener noreferrer\">SIP Calculator<\/a><\/strong><\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> Job loss, illness, accidents, etc can hinder your monthly cash inflows which in turn can bring hardship for your family. <\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Ever thought, that in the absence of any income, how would you be able to pay for your children&#8217;s tuition fees, home loan EMIs, run your household chores, and many more? <\/span><span style=\"font-size: 20px; color: #000000;\">Hence, it is imperative to have an ideal emergency corpus in place.<\/span><\/p>\r\n<p><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script> <ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-6495755798120621\" data-ad-slot=\"6499025866\"><\/ins> <script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Financial advisors suggest that building an emergency corpus is the first step towards financial freedom and planning.<\/span><\/p>\r\n<h2 style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>What is an ideal emergency corpus? <\/strong><\/span><\/h2>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">An <\/span><span style=\"font-size: 20px; color: #000000;\">ideal <\/span><span style=\"font-size: 20px; color: #000000;\">emergency corpus is a segregated fund created for meeting any future contingencies. That arise from any illness, job loss, death of any family member, delay in income, unexpected household expenses, etc.<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> Hence, in case of any eventuality, the individual can fall back upon his\/her emergency corpus.<\/span><\/p>\r\n<h2 style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>Why is it required?<\/strong><\/span><\/h2>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">In the absence of any emergency corpus and occurrence of any unfortunate event, there are only two options left with the person, either they can dig into their future savings or can ask for help from other people or banks. <\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">This simply means welcoming more debt and increasing your liabilities.<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Some individuals holding credit cards end up using this easy loan in times of emergencies which later on become disastrous for them as the interest rates levied by the banks are usually very high which ultimately results in soaring liabilities.<\/span><\/p>\r\n<p><span style=\"font-size: 24px;\"><strong>Also Read: <a href=\"https:\/\/budwisefunds.com\/blog\/strategies-adopted-when-you-are-laid-off\/\" rel=\"bookmark\">Strategies adopted when you are laid off?<\/a><\/strong><\/span><\/p>\r\n<h3 style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>What is the ideal amount?<\/strong><\/span><\/h3>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Well, it totally depends on your monthly expenses, spouse income, insurance, etc. Ideally, emergency corpus equivalent to 6-18 months of monthly expenses can be considered as ideal. And it would serve the purpose for most of the families. <\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">However, if you work in an industry where an employee\u2019s turnover ratio is very high or if you are a professional or businessman where your income flows are very inconsistent then you may consider building a higher emergency corpus.<\/span><\/p>\r\n<h3 style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>How to build an emergency corpus and where should you park?<\/strong><\/span><\/h3>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Emergency funds cannot be built overnight and hence has to be built gradually. You can earmark a certain amount every month towards any liquid fund or a separate bank account to build an emergency corpus for yourself. <\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Suppose you want to build an emergency corpus of say \u20b9 3,00,000. Then you can keep aside 10-20% of your monthly income towards it. Remember having an emergency fund is of utmost importance for every individual. Hence it is okay if you invest less towards your future goals in the beginning. <br \/><\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Once you build a requisite amount of investment for emergencies. Then you can direct extra savings (which you were contributing every month to build emergency funds) towards other investments.<\/span><\/p>\r\n<p><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script> <ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-6495755798120621\" data-ad-slot=\"6499025866\"><\/ins> <script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Also, always remember to keep your investments in a liquid state and for that, you can park 1\/3rd of your emergency money in online FD\u2019s and 2\/3rd part in a liquid fund. <\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">You may also direct a little portion of the total corpus in a savings bank account but remember that you will earn a very nominal return from it.<\/span><\/p>\r\n<p><span style=\"font-size: 24px;\"><strong>Further Reading: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/mutual-funds\/emergency-corpus-meansways-to-set-it-1536977.html\" target=\"_blank\" rel=\"noopener noreferrer\">Money Control<\/a><\/strong><\/span><\/p>\r\n<p><img loading=\"lazy\" id=\"wsbit\" class=\"size-medium wp-image-562 aligncenter\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-300x88.png\" alt=\"\" width=\"300\" height=\"88\" srcset=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-300x88.png 300w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-1024x299.png 1024w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-768x224.png 768w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-1536x449.png 1536w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-2048x598.png 2048w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-1200x350.png 1200w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-1980x578.png 1980w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>The future is uncertain and all of us know it. But still, we ignore the fact and do not prepare ourselves for future contingencies that may adversely affect us. Further&hellip; <\/p>\n","protected":false},"author":1,"featured_media":2136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What should be the ideal emergency corpus the individuals...<\/title>\n<meta name=\"description\" content=\"An ideal emergency corpus is a segregated fund created for meeting any future contingencies that arise from any illness....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What should be the ideal emergency corpus the individuals...\" \/>\n<meta property=\"og:description\" content=\"An ideal emergency corpus is a segregated fund created for meeting any future contingencies that arise from any illness....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/\" \/>\n<meta property=\"og:site_name\" content=\"Budwisefunds Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-02T12:33:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-07T18:15:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/11\/Ideal-Emergency-Corpus.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"548\" \/>\n\t<meta property=\"og:image:height\" content=\"363\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Budwisefunds\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/budwisefunds.com\/blog\/#website\",\"url\":\"https:\/\/budwisefunds.com\/blog\/\",\"name\":\"Budwisefunds Blog\",\"description\":\"Personal Finance &amp; Mutual Funds\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/budwisefunds.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#primaryimage\",\"url\":\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/11\/Ideal-Emergency-Corpus.jpg\",\"contentUrl\":\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/11\/Ideal-Emergency-Corpus.jpg\",\"width\":548,\"height\":363,\"caption\":\"Ideal Emergency Corpus\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#webpage\",\"url\":\"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/\",\"name\":\"What should be the ideal emergency corpus the individuals...\",\"isPartOf\":{\"@id\":\"https:\/\/budwisefunds.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#primaryimage\"},\"datePublished\":\"2019-11-02T12:33:00+00:00\",\"dateModified\":\"2020-12-07T18:15:55+00:00\",\"author\":{\"@id\":\"https:\/\/budwisefunds.com\/blog\/#\/schema\/person\/9e9edd5a487c55d508aed1f8fd98d1d8\"},\"description\":\"An ideal emergency corpus is a segregated fund created for meeting any future contingencies that arise from any illness....\",\"breadcrumb\":{\"@id\":\"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/budwisefunds.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What should be the ideal emergency corpus the individuals should maintain !\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/budwisefunds.com\/blog\/#\/schema\/person\/9e9edd5a487c55d508aed1f8fd98d1d8\",\"name\":\"Budwisefunds\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/budwisefunds.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba85cc0bb424354ebec9cccfa7a01d8f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba85cc0bb424354ebec9cccfa7a01d8f?s=96&d=mm&r=g\",\"caption\":\"Budwisefunds\"},\"sameAs\":[\"https:\/\/budwisefunds.com\/blog\"],\"url\":\"https:\/\/budwisefunds.com\/blog\/author\/budwisefunds\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What should be the ideal emergency corpus the individuals...","description":"An ideal emergency corpus is a segregated fund created for meeting any future contingencies that arise from any illness....","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/","og_locale":"en_US","og_type":"article","og_title":"What should be the ideal emergency corpus the individuals...","og_description":"An ideal emergency corpus is a segregated fund created for meeting any future contingencies that arise from any illness....","og_url":"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/","og_site_name":"Budwisefunds Blog","article_published_time":"2019-11-02T12:33:00+00:00","article_modified_time":"2020-12-07T18:15:55+00:00","og_image":[{"width":548,"height":363,"url":"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/11\/Ideal-Emergency-Corpus.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Budwisefunds","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/budwisefunds.com\/blog\/#website","url":"https:\/\/budwisefunds.com\/blog\/","name":"Budwisefunds Blog","description":"Personal Finance &amp; Mutual Funds","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/budwisefunds.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#primaryimage","url":"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/11\/Ideal-Emergency-Corpus.jpg","contentUrl":"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/11\/Ideal-Emergency-Corpus.jpg","width":548,"height":363,"caption":"Ideal Emergency Corpus"},{"@type":"WebPage","@id":"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#webpage","url":"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/","name":"What should be the ideal emergency corpus the individuals...","isPartOf":{"@id":"https:\/\/budwisefunds.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#primaryimage"},"datePublished":"2019-11-02T12:33:00+00:00","dateModified":"2020-12-07T18:15:55+00:00","author":{"@id":"https:\/\/budwisefunds.com\/blog\/#\/schema\/person\/9e9edd5a487c55d508aed1f8fd98d1d8"},"description":"An ideal emergency corpus is a segregated fund created for meeting any future contingencies that arise from any illness....","breadcrumb":{"@id":"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/budwisefunds.com\/blog\/what-should-be-the-ideal-emergency-corpus-the-individuals-should-maintain\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/budwisefunds.com\/blog\/"},{"@type":"ListItem","position":2,"name":"What should be the ideal emergency corpus the individuals should maintain !"}]},{"@type":"Person","@id":"https:\/\/budwisefunds.com\/blog\/#\/schema\/person\/9e9edd5a487c55d508aed1f8fd98d1d8","name":"Budwisefunds","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/budwisefunds.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba85cc0bb424354ebec9cccfa7a01d8f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba85cc0bb424354ebec9cccfa7a01d8f?s=96&d=mm&r=g","caption":"Budwisefunds"},"sameAs":["https:\/\/budwisefunds.com\/blog"],"url":"https:\/\/budwisefunds.com\/blog\/author\/budwisefunds\/"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/posts\/1242"}],"collection":[{"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/comments?post=1242"}],"version-history":[{"count":6,"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/posts\/1242\/revisions"}],"predecessor-version":[{"id":2186,"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/posts\/1242\/revisions\/2186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/media\/2136"}],"wp:attachment":[{"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/media?parent=1242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/categories?post=1242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/budwisefunds.com\/blog\/wp-json\/wp\/v2\/tags?post=1242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}