20 Dec 2020 | Edukatips

How Important is Emergency Fund

The current situation filled with uncertainties has surely made us frustrated. From a financial perspective, many tend to tighten their belt and control expenses.

In fact, the current situation is the right time to prepare an emergency fund. During uncertainties, we can ensure our certainty from and for ourselves.

Let’s discuss this. Why should we have an emergency fund? The emergency fund you saved up can be used for various purposes, despite the lack of certainty and plan, an emergency fund is necessary. Once we have a plan, we can immediately take a step because we have the money figured out.

If you still have not thought much about managing your expenses, this is the time to change that mindset. The income we receive should be wisely managed. One of them is by dividing our income into several expense posts according to our needs. For example, daily needs, charity, investment, and savings. Starting a new habit may not be easy, but let’s commit for a more certain future.

How To Do It?

Do not be confused, you can start by following these 3 (three) simple tips:

1. Rearrange financial posts

The change in the situation forces us to do our activities at home and cut our expenses. This means you have an opportunity to rearrange your financial post, and the percentage of fund allocation for an emergency fund can increase.

For example, you can use the 50-30-20 method, namely 50 percent for living costs, 30 percent for savings, and 20 percent for entertainment.

2. Start to save money

The next important step to rearranging financial posts is by executing them. This is where your commitment is being tested. The first thing to do is to start saving and promise yourself to be committed to saving money.

Make it a habit to save and put aside some of your income at the beginning, not at the end after you only have a little money left.

3. Save your emergency fund in Tahapan Berjangka BCA

Tahapan Berjangka BCA can be used to store your emergency fund because you will not be faced with the temptation to not save. Every month, a certain amount of money will be auto-debited from your savings account for a minimum period of 12 months.

The minimum amount of money to be deposited in Tahapan Berjangka BCA per month is Rp500,000. Now grab your calculator! Divided into 30 days, the amount equals your expense for buying coffees from a cafe every day, namely Rp17,000. Now, you realize it is not hard to commit, right?

Why should I open a Tahapan Berjangka BCA?

The interest rate for Tahapan Berjangka BCA is higher compared to a regular savings account. Tahapan Berjangka BCA does not incur administration fees and is complemented with life insurance protection during the savings period. After you have a Tahapan Berjangka BCA, you can also top up money in addition to your monthly deposit to add to your emergency fund.

How to Have a Tahapan Berjangka BCA?

To own a Tahapan Berjangka BCA, make sure you already have a BCA account as a fund source account. Despite being at home, you can open a Tahapan Berjangka BCA using KlikBCA. Here’s how:

  1. Log in to KlikBCA
  2. Select Pembukaan Rekening menu
  3. Select Tahapan Berjangka menu
  4. Fill in the commitment to open a Tahapan Berjangka account
  5. Recheck your commitment and click Kirim

Besides KlikBCA, you can also open Tahapan Berjangka BCA account at the nearest BCA branch office, myBCA, and BCA Express.

If you do not have an Identity Card yet, do not worry about it as the minimum age for Tahapan Berjangka BCA is 12 years old and the maximum is 60 years old. But, you must already have a product from Tahapan, Tahapan Gold, Tahapan Xpresi, or Tapres BCA. You can start to commit using Tahapan Berjangka BCA!

Let’s start to save your emergency fund with Tahapan Berjangka BCA!

Open via KlikBCA