What would you do if you suddenly lost your job, faced a medical emergency, or had to repair your car or bike immediately?
If your answer is “I’ll use my credit card” or “I’ll take a quick loan,” you're not alone—but there’s a better way.
An emergency fund is your personal financial safety net.
It saves you from panic borrowing, credit card debt, and emotional stress.
Let’s break down why every Indian household needs one and how to build it—step by step—with Vizzve.
🔍 What Is an Emergency Fund?
It’s a dedicated amount of money kept aside for unplanned expenses such as:
Sudden job loss
Medical emergencies
Urgent travel
Unexpected home/car repairs
Family emergencies
💰 Think of it as insurance without the paperwork.
🧠 Why Emergency Funds Matter – Especially in India
Rising Medical Costs:
Even a minor surgery can cost ₹50,000+. Health insurance won’t always cover it fully.
Job Instability:
Startups, layoffs, and freelance jobs mean unstable income is now common.
No Social Security Net:
Unlike Western countries, India doesn't offer unemployment benefits or emergency grants.
Loan Dependence Is High:
Many end up taking expensive personal loans or using credit cards, increasing their debt.
💡 An emergency fund = freedom from panic borrowing.
📊 How Much Should You Save?
Here’s a simple rule:
🧾 Emergency Fund = 3 to 6 months of essential expenses
| Household Type | Monthly Expense | Ideal Emergency Fund |
|---|---|---|
| Single Earner (urban) | ₹30,000 | ₹90,000 – ₹1.8L |
| Couple with Kids | ₹50,000 | ₹1.5L – ₹3L |
| Joint Family (Tier 2) | ₹40,000 | ₹1.2L – ₹2.4L |
🛠️ How to Start an Emergency Fund (Vizzve Way)
You don’t need lakhs right away—just start.
✅ Step 1: Set a Realistic Goal
Use Vizzve’s Goal Planner to set a target like:
"₹1 Lakh in 12 months" → That’s just ₹8,300/month
✅ Step 2: Open a Separate Account
Keep your emergency fund separate from your salary/spending account.
Vizzve helps you link to:
Sweep-in FDs
Liquid mutual funds
High-interest savings accounts
✅ Step 3: Automate It
Set up a monthly auto-transfer for:
₹1,000 if you're just starting
₹3,000+ if you have regular income
Vizzve’s AutoSave tool lets you automate saving without even noticing it.
✅ Step 4: Use Only for Real Emergencies
No vacations. No gadgets. No weddings.
Only tap into this fund for true needs—then replenish it ASAP.
🧩 Bonus Tip: Use Windfalls
Got a bonus? Tax refund? Freelance payment?
✅ Put at least 20–30% into your emergency fund.
One-time money can speed up your goal dramatically.
💡 What If You Already Have Loans?
You can still build an emergency fund while repaying EMIs.
Use Vizzve’s EMI Planner to:
Restructure repayments if needed
Avoid new loans
Free up money to start saving
You don’t need to be debt-free to be safe—you just need to be prepared.
🧠 Real Story – How Emergency Fund Saved Riya
Riya, 29, lost her job in tech downsizing.
Her ₹60,000 emergency fund covered:
Rent for 2 months
Utility bills
Groceries
She didn’t need a loan, didn’t borrow from parents, and had peace of mind during a stressful time.
“That small fund gave me big confidence. I’ll never go without one again.” – Riya M., Pune
🚀 Start Small, Stay Safe – With Vizzve
You don’t need a 6-figure salary to build financial security.
You just need discipline, the right tools—and the willingness to prepare.
With Vizzve’s AutoSave, Goal Planner, and Emergency Fund Tracker, every Indian household can build a reliable safety net.
published on 1st July
Publisher : SMITA
www.vizzve.com || www.vizzveservices.com
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.