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Ways to meet unexpected expenses: Tap contingency fund, if it is small

A contingency fund is generally equivalent to three to six months of an individual's monthly expenditure

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Priyadarshini Maji
Most people would like to plan their expenses perfectly. But, more often than not, it is just not possible. There is this sudden travel, household expenses, car repairs, sometimes, a desire to buy a property which is coming dirt cheap that does tend to mess up that ‘perfect’ household budget. 

Something similar happened with 42-year-old Vinay Chawla when a property that he really liked went up for sale. He had regular investments in varied products, but he was confused as to which one to tap for this purchase. Yes, a property purchase will not come cheap. But there can be