The past few years have taught us that life is unpredictable — from job loss, medical emergencies, to sudden expenses. A strong emergency fund is your first line of defense against debt, stress, and financial ruin.
🏦 Goal: Save 3 to 6 months’ worth of living expenses in a separate, liquid account.
Even if you’re starting from ₹0, it’s not too late.
📊 Step-by-Step: How to Build an Emergency Fund from Scratch
🔹 Step 1: Know Your “Magic Number”
Calculate your monthly essentials:
Rent/EMI
Groceries
Utilities
Internet
Transport
Minimum debt payments
👉 Multiply that by 3 to 6.
Example: ₹30,000/month x 3 = ₹90,000 target emergency fund.
Use Vizzve Finance™ to auto-calculate and track this.
🔹 Step 2: Start Small but Start Now
You don’t need ₹90,000 today. Start with:
₹100/day (₹3,000/month)
₹500/week (₹2,000/month)
Vizzve Tip: Set up micro-savings automation to pull small amounts weekly.
🔹 Step 3: Open a Dedicated Account
Avoid mixing emergency funds with daily money.
✅ Use:
High-interest savings accounts
Liquid mutual funds (for larger goals)
Recurring deposits with flexible exit
Never use wallets or risky investments like stocks/crypto for this purpose.
🔹 Step 4: Automate Your Savings
Use Vizzve Finance or your bank’s app to:
Auto-transfer funds right after payday
Hide or “lock” the emergency account to reduce temptation
Track monthly progress toward your goal
💡 Vizzve’s AI can even predict your ideal emergency fund based on income and lifestyle.
🔹 Step 5: Use Windfalls Wisely
Got a bonus? Tax refund? Side hustle income?
Put 30% or more into your emergency fund until the target is met.
This fast-tracks your safety cushion without hurting daily life.
🔹 Step 6: Refill After Use
Emergencies happen. If you dip into the fund, set up a refill plan immediately. It’s not a one-time task—it’s a forever buffer.
💥 Common Mistakes to Avoid
🚫 Keeping emergency money in cash or digital wallets
🚫 Using it for non-emergencies like vacations or shopping
🚫 Not increasing the fund as your lifestyle grows
🚫 Relying on credit cards as your “emergency backup”
📱 How Vizzve Finance™ Helps You Build an Emergency Fund
Smart saving goals – Create an "Emergency Fund" target
Micro-saving automation – Save without thinking
Spending alerts – Free up money from non-essentials
Progress tracker – See how close you are to financial safety
Multi-account integration – Track funds across savings, RD, and mutual funds
✅ Join 5M+ users already building their financial buffer with Vizzve Finance™
🚀 Final Thoughts: Your Financial Safety Net Starts Now
If you have ₹0 saved today, don’t panic. Everyone starts somewhere. What matters is that you start now, with consistency, not perfection.
"Emergency funds don’t solve problems—they give you the power to face them."
published on 30 june
Publisher : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.