Layoffs: Be ready for a job loss
 

http://img-s-msn-com.akamaized.net/t...6&q=60&o=f&l=fAn emergency fund is meant to keep you going through situations such as loss of regular income. Ideally, it should be six to twelve months of your current monthly income, kept in a risk-free and liquid instrument such as a fixed deposit.

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