4 Reasons to have an Emergency Funds

Emergency Funds

Build an emergency fund before investing to cover unexpected expenses and avoid accumulating high-interest debt during tough times

High-Interest Debt

Prioritize paying off high-interest debt like credit cards and personal loans, as their interest rates can lead to unmanageable balances

Retirement Planning

Utilize tax-advantaged retirement plans like EPF or PPF to take advantage of compounding interest for long-term financial growth

Long-Term Goals

Consider your long-term financial goals, such as buying a home or funding your child's education, when deciding how to balance between investing and paying off debt