Whether you earn ₹10,000 or ₹1,00,000 — one surprise expense (like a job loss or medical issue) can cause chaos without a backup.
💡 Emergency fund = Financial airbag.
It helps you stay debt-free, reduce stress, and avoid impulsive borrowing.
With Vizzve, you don’t need to be rich to start. You just need to start.
How Much Should You Save?
🔹 Ideal Target: 3–6 months of expenses
🔹 Start Small: Even ₹500–₹1,000/month is a good beginning
🔹 Vizzve Tip: Use our Emergency Fund Calculator to set your amount and timeline.
Step-by-Step Guide to Building an Emergency Fund
1️⃣ Track & Trim Your Monthly Budget
🧾 Find leakages: OTTs, food delivery, unused subscriptions
📉 Reallocate: Even saving ₹30/day = ₹900/month
💡 Vizzve Budgeting Tool helps identify savings effortlessly.
2️⃣ Start with a Dedicated Account
🏦 Open a separate savings or liquid fund account
🚫 Avoid mixing it with daily-use funds
✅ Vizzve recommends auto-transfers to stay consistent
3️⃣ Automate Your Savings
📅 Set up auto-debits on salary day
💪 No temptation = more discipline
🔄 Use Vizzve's “Auto Emergency Save” feature
4️⃣ Choose the Right Saving Vehicle
| Option | Benefits |
|---|---|
| Liquid Mutual Fund | 4–6% returns, flexible withdrawal |
| High-Interest Savings A/C | Stable, FD-like interest |
| Recurring Deposit | Fixed contribution, disciplined saving |
💡 Vizzve suggests based on your income + savings behavior.
5️⃣ Keep It Accessible (But Not Too Easy)
🔐 Emergency funds aren’t for vacations or gadgets
⏳ Choose accounts that take 1–2 days to withdraw – discourages misuse
6️⃣ Increase Contributions Over Time
📈 Got a raise? Add 10% more to your fund
💸 Diwali bonus? Add it to your emergency pot
💼 Vizzve nudges you with smart reminders when your salary changes
Realistic Example:
Salary: ₹20,000/month
Expense: ₹16,000
Save: ₹1,000/month
Emergency fund goal: ₹48,000 (3 months)
Achieved in: 48 months with discipline (can be faster with side income)
FAQs
Q: How much emergency fund do I really need?
A: At least 3 months of essential expenses (rent, food, bills). Vizzve helps calculate it for you.
Q: Where should I keep my emergency fund?
A: Liquid mutual funds, RD, or a separate savings account. Vizzve recommends based on your income and habits.
Q: What if I earn below ₹15,000/month?
A: Even ₹300–₹500/month is a good start. Vizzve auto-tracks your spends and helps you save passively.
Conclusion: Small Steps Today = Big Safety Tomorrow
🚀 You don’t need a high salary to be financially secure — you just need the right system.
With Vizzve, your savings journey:
Starts with a tap
Grows consistently
Protects your future
Start your emergency fund today — your future self will thank you.
Published on : 3rd July
Publisher : SMITA
www.vizzve.com || www.vizzveservices.com
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🛡 Powered by Vizzve Financial
RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.