Unless and until you have a proper emergency fund in place, planning financial investments might get a bit tardy. Life’s unpredictable and calamities can strike anytime. Whether it is medical emergency or any other like a sudden job loss, one needs to fall back upon something for support. Ready monetary funds can always come to the rescue. In the absence of an emergency fund, one may have to either borrow from friends, relatives or take a personal loan and service it by paying interest. If the requirement is huge, one may even have to pledge gold to tide over the situation.