emergency funds

#EmergencyFundsAreLifeSavers  #MakingFinanceFun

We have started the Fun & Finance series with an aim to make finance more fun and relatable via short 1 min stories by using fables or interaction with customers etc. We will try our best to help you learn something new in finance via these short stories.

The Plane Tree

Once upon a time, there were two travellers walking when the sun was up and shining bright. Tired from their journey, they wanted to rest.

Soon they saw a Plane Tree, so they lay under its widespread shade.

The plane tree
The plane tree

One of them said “How useless is the Plane! It bears no fruit and only litters the ground with leaves.”

Suddenly, a voice from the Planetree said “Ungrateful creatures! You lie here in my cooling shade, and yet you say I am useless!”.

Our best blessings are often the least appreciated. 

The two travellers did not value shade which the Planetree provided. Similarly, some of us underestimate the need for having adequate savings.

Adequate savings are like oxygen, you don’t realise its value when it’s there. But understand its worth when it’s not there.

Like the tree above, savings may not give you great returns but they give you comfort to go ahead and invest freely.

Benefits of savings
Benefits of savings

Please do not miscalculate the importance of emergency funds.

Emergency funds are a blessing which will come to use in our most stressful situations. 

At RefreshMint, we have the formula to calculate your emergency fund based on multiple factors like your location, the number of dependents & your monthly income. 

Email us to know more about how to build an emergency fund. And where to keep it, so you earn some interest as well.

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RefreshMint is a financial App, designed to simplify finances for the young Indians. With us, you get full control of your financial life. Get a free financial health check-up with RefreshMint today.

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