What Is an Emergency Fund — and Why Every Pakistani Needs One
Life Is Unpredictable — Your Savings Shouldn’t Be
What will you do if:
- You lose your job?
- A medical emergency happens?
- Your bike or car needs urgent repairs?
If your answer is borrow from someone, then it’s time to think about building your Emergency Fund.
What Is an Emergency Fund?
It’s a separate amount of money saved only for emergencies — not for shopping, trips, or chai doodh at night!
It’s your personal "insurance" against financial stress.
Why Is It Important?
- Peace of Mind
You sleep better when you know you’re financially safe. - Avoid Taking Loans
No need to borrow from friends, relatives, or bank. - Protects Your Other Savings
You won’t have to touch your Zakat, RDA, or goal-based savings.
How Much Should You Save?
Experts say:
- At least 3 to 6 months of basic expenses
Example: If your monthly cost is Rs.30,000 → Target: Rs.90,000–180,000
Start small. Even Rs.5,000/month is a great start!
Where Should You Keep It?
Safe and liquid places like:
- Bank savings account (Meezan, HBL, UBL, etc.)
- Roshan Digital Account (for overseas Pakistanis)
- Mobile wallet (JazzCash, Easypaisa — for short term)
Avoid investing emergency money in risky areas like stocks or crypto.
When to Use It?
Only in real emergencies:
- Health issues
- Job loss
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