According to the Katadata Insight Center (KIC) survey in August 2022, it showed that 46% of respondents regularly saved at least 20% of their income. Then, only 41% have an emergency fund in case of a crisis and sufficient funds to survive if they lose their job.
Auditya Sandi Aryata, Head of Corporate Strategy & Compliance MNC Guna Usaha Indonesia, stated that emergency calls create a sense of security, therefore emergency calls are prepared early. Keep in mind that this fund must be able to meet unexpected expenses in difficult times.
So what if you want to start setting up an emergency fund?
Before starting, make sure your daily needs are met and you are not in an emergency. Always pay attention to expenses every month, don't make it difficult to start setting up an emergency fund for living needs.
How much emergency allocation?
There is no exact calculation required for the budget funds needed for emergencies. However, there are several things that must be considered as priorities based on daily needs. Consider the following discussion to determine the amount of an emergency emergency.
Bachelor
If you don't have large dependents and installments, ideally an emergency fund is collected around 3-6 times your monthly expenses.
Marry
For those of you who are married, make sure the funds prepared are 9 times the amount of household expenses.
family
And if you have a family, maybe having an emergency fund will be more difficult but more important. For those of you who are already married, you need to prepare an emergency fund 12 times the family's monthly expenses.
When is the right time to use an emergency fund?
It should be understood, emergency funds are not prepared to be used under any circumstances, but these funds are prepared for unexpected events both large and small. Such as the cost of daily necessities when hit by layoffs, the cost of transporting the house during an urgent situation, hospital medical expenses to financing education.
As a standby fund that must be prepared early, preparation of an emergency fund should never be postponed as much as possible. Likewise, the financing provided by MNC Guna Usaha Indonesia, with a fast and easy process, is able to become a financing option during urgent conditions. MNC Guna Usaha Indonesia has several financing products, namely supply chain financing, factoring, asset-based financing, Hajj and Umrah and education financing. MNC Guna Usaha Indonesia helps increase Indonesia's development and has succeeded in developing innovative, productive and sustainable products through its 11 offices spread across 10 major cities in Indonesia.
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