In today's uncertain job market, a lay-off can lead to months of unemployment. A serious illness or disability due to accident can also hamper one's ability to earn for a prolonged period. When life throws nasty financial surprises your way, have a Plan B ready. An adequate emergency fund can help you tide over the crisis. To a great extent, credit cards have done away with the need for emergency funds. You can use them to tide over the emergency till you are able to arrange funds. But credit cards should not be seen as a replacement for setting up an...
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