A lot of us were unprepared when the pandemic hit. We did not have an emergency fund that could see us through a few months. This became the biggest worry for families whose businesses were shut and those who saw their salaries slashed. While the expenditure remained the same, income was adversely hit. The biggest lesson was the importance of having an emergency fund. It is recommended that one should have an emergency fund that can take care of 6-9 monthsʼ of expenses-bills, EMIs, and other essentials.