It is important to build a General Investment Fund (GIF) for this family. Briefly, a GIF is designed to meet lump sum non-normal, non-emergency and non-retirement fund contribution outflows that crop up during a person’s active working life. Examples of GIF expenses are vehicle purchases, marriage and other social and religious functions,family vacations, children’s education, down payment on a real estate purchase, renovation and refurbishing of an existing real estate property, charity, and family support.
