Emergencies come unannounced. No one can predict when it is going strike. The only thing that we can do is to prepare ourselves for any unforeseen circumstance. Having an emergency fund will help you to tide over emergencies like accidents, job loss etc.  Hence, building an emergency fund should be the first thing on your mind before you start investing for your financial goals. So, here’s everything you need to know about emergency funds. What are emergency funds? An emergency fund is like a cushion that helps you to sleep soundly at night. It is money that you put aside against life’s unexpected events. It is not to be used for planned purchases such as buying a house or new car or your child’s higher education. An emergency fund helps you to be prepared with anything that life throws at you. These emergencies can be accidents, immediate house repairs and job loss as well. Sorry, the late night pizza cravings is an emergency. Ideally, an emergency fund should be in liquid investm...