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How much money should be there in your emergency fund?

An emergency fund should cover at least three to six months of an individual's basic indispensable expenses, depending on their standard of living and the number of dependents they have. Making a list of your unavoidable expenses to survive in a crisis is the best way to calculate the emergency fund. Expenses like household, EMIs, insurance premiums, utility bills, and so on should form a part of that.

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