With the second wave of covid cases at our doorstep, along with a novel mutation, 2021 could bring several uncertainties. Whether you are planning to use your savings to facilitate purchases of new appliances or getting your house renovated, do make sure that you have enough liquidity to meet any unforeseen or unfavourable circumstances. Keep money equivalent to at least six months of your expenditures in short-term debt funds, instead of bank savings accounts. You can use products like Tarrakki Zyaada that provide potentially higher returns v/s a bank savings account; with the added advantage of instant liquidity through an investment-linked visa debit card.