Scripbox Emergency Money is having a sufficient amount of money set aside in case of the event of a personal financial emergency. This fund is not for your routine expenses and must be kept aside to meet unexpected financial shortfalls only.
Here are some of the examples where Scripbox Emergency Money comes to your rescue:
- Job loss
- Temporary loss of income: An accident or illness can force you to stay away from work for a few weeks or months.
- Big medical expenses: An accident or a major illness for you or your family.
- Natural disasters resulting in loss or damage to property and belongings: Repair and replacement costs can be high for damage to your belongings.