Every year, monsoons in India bring life to fields — and chaos to streets. Flash floods, landslides, home damage, power outages, and hospital visits become common. While nature is unpredictable, your finances don’t have to be. That’s where an emergency fund comes in.
Let’s break down why monsoon season makes emergency savings non-negotiable — and how to build one smartly.
What Is an Emergency Fund?
An emergency fund is a pool of savings set aside for unexpected events — such as:
Medical emergencies
Home repair due to waterlogging or flooding
Travel disruptions and cancellations
Temporary job loss (especially in informal or daily wage sectors)
Power backup equipment or vehicle repair
It acts as your personal financial rescue boat when life throws a storm at you — literally.
Why Monsoon Disasters Amplify the Need
Flood-Prone Areas See Repeated Damage
Cities like Mumbai, Patna, Chennai, and Guwahati face recurring floods. Households may need to shift temporarily, repair electronics, or relocate vehicles.
Medical Risks Go Up
Mosquito-borne diseases like dengue, chikungunya, and malaria spike. Not all treatment is covered by insurance.
Transport Breakdowns = Extra Costs
Train delays, canceled flights, and damaged roads mean last-minute rebookings or hotel stays.
Daily Wagers and Gig Workers Lose Income
Rainy days = no work. Without a buffer, families risk falling into debt traps.
Insurance Claims Take Time
Even if you have health or home insurance, fund disbursals are delayed, but expenses come immediately.
How Much Emergency Fund Should You Have?
At Vizzve, we recommend:
Salaried Individuals: Minimum 3–6 months of monthly expenses
Self-Employed / Gig Workers: 6–9 months buffer
For monsoon-prone zones or high-risk jobs: Add extra ₹10,000–₹25,000 buffer for weather-related disruption
Start with small, automatic monthly transfers into a high-liquidity savings account or liquid mutual fund.
Vizzve Insight
Emergency funds aren’t about fear — they’re about freedom.
Freedom to pay the doctor without debt.
Freedom to move your family to safety.
Freedom to say “I’m okay” when everyone else is panicking.
And that’s what we at Vizzve stand for: Prepared, practical finance for real-life Indian challenges.
Published on : 4th August
Published by : SMITA
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