The Economic Times News

Keeping Rs 1215 lakh in savings? CA points out the quiet money mistake you are making

CA Abhishek Walia highlights a common financial pitfall. Many people hold emergency funds that are either too large or too small. An oversized fund earns minimal interest, losing value to inflation. A small fund creates stress and can lead to debt. Walia stresses matching fund size to income stability, expenses, insurance, and dependents for optimal financial health.