You’ve probably heard both terms tossed around—
Rainy Day Fund.
Emergency Fund.
Aren’t they the same?
Not exactly. Think of them as first aid vs surgery in the world of money.
With Vizzve Finance, let’s break down the difference and how to build both smartly.
💼 What is a Rainy Day Fund?
A Rainy Day Fund is a small stash for minor unexpected expenses like:
A flat tire 🚗
A leaky faucet 🛠️
A surprise birthday gift 🎁
A slightly high electricity bill ⚡
✅ Target Size: ₹5,000–₹25,000
✅ Access: Easy & Instant (linked to wallet/savings)
✅ Ideal for: Small hiccups, not life disruptions
With Vizzve, set up a micro-saving plan that auto-saves ₹50–₹200 every week.
🚨 What is an Emergency Fund?
An Emergency Fund is your financial oxygen mask. It's for big, life-altering shocks like:
Job loss 👩💼
Major illness 🏥
Car or home damage 💥
Family crisis or relocation 🧳
✅ Target Size: 3–6 months of expenses
✅ Access: Liquid but separate from daily use
✅ Ideal for: Real emergencies only
Vizzve’s budgeting tool helps you track how many months of emergency fund you’ve built—visually.
🔍 Key Differences at a Glance
| Feature | Rainy Day Fund | Emergency Fund |
|---|---|---|
| Purpose | Minor, frequent issues | Major, rare life events |
| Amount Needed | ₹5K–₹25K | ₹1–₹3 Lakhs+ |
| Frequency of Use | Regular (few times/yr) | Rare (once every few yrs) |
| Where to Keep It | Savings/Digital Wallet | High-interest liquid fund |
| Vizzve Tip | Auto-save weekly | Auto-transfer monthly |
🧠 Why You Need Both
Imagine:
Your car AC breaks down (rainy day)
The next week, you’re laid off (emergency)
You don’t want one problem to drain the other fund.
With Vizzve, you can build both in parallel using smart automation:
Tag your savings
Track progress bars
Get reminders when one dips too low
🧾 How to Start in 3 Steps with Vizzve
✅ Step 1: Activate Dual Funds
Open two auto-saving goals on Vizzve:
One called “Rainy Days”
One called “Emergencies”
✅ Step 2: Set Triggers
Link to your debit alerts—every ₹5000 spent = ₹100 saved
✅ Step 3: Review Monthly
Get a Vizzve snapshot on fund health and spending risks
💬 Vizzve Explains
“Think of your rainy day fund as your umbrella, and your emergency fund as the storm shelter.”
You need both to stay dry and safe in life’s unpredictable weather.
❓ FAQs
Q1: I have a low income. Which one should I build first?
Start with ₹5K in a rainy day fund. Once steady, aim for an emergency fund.
Q2: Can I use my credit card for emergencies?
That’s not ideal. Credit = debt. Vizzve builds you savings without stress.
Q3: Should I invest my emergency fund?
No. It should be liquid and accessible—not locked or risky.
🧠 Final Thought
One protects your today.
The other secures your tomorrow.
With Vizzve Finance, you don’t have to choose—just set it, track it, and live lighter.
Published on : 10th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.