For millennials who are eager to pursue a career and plan for the future, there is one important thing that should not be ignored, namely emergency funds. Many still think that emergency funds are only important for people who are married or have large dependents.
In fact, it’s important to have an emergency fund from an early age, especially in the midst of uncertain economic conditions like now.
Unfortunately, saving for an emergency fund often becomes a mere discourse because it is eroded by daily needs or impulsive desires. Well, one smart and interesting way that you can try is to save emergency funds in the form of digital gold. Let’s discuss further why digital gold can be the best solution and how to get started.
Why is an emergency fund a must-have for Millennials?
An emergency fund is a reserve fund used to cope with unexpected situations, such as job loss, accidents, or sudden medical needs. Ideally, the amount of emergency fund is 3-6 times your monthly expenses. By having this fund, you can feel more secure and not panic when an emergency comes.
For millennials, especially those who live overseas or do not have a steady income, an emergency fund can be a savior from sudden debt, online loans, or credit cards that accumulate interest.
1. Easy to Access and Liquidate
One of the advantages of digital gold is its high liquidity. Unlike assets such as property or time deposits that require time and a long process to liquidate, digital gold can be sold instantly through an app.
For example, through a platform like Treasury, you can convert digital gold to cash at any time, even within seconds. This is important because emergency funds must be accessed quickly when needed, without hassle.
2. Stable and Inflation-Resistant
The value of gold is relatively stable and tends to increase in the long run. In volatile economic conditions, gold is known as a “safe haven” where wealth is protected.
Unlike cash that can be eroded by inflation over time, keeping your emergency fund in digital gold keeps the value of your money protected. This ensures that when you really need it, its purchasing power does not decrease significantly.
3. Can Start from Small Amounts
One of the best things about digital gold is that you don’t have to wait to have millions of rupiah to start investing. At Treasury, you can buy digital gold starting from just Rp5,000.
This is very friendly to the pockets of millennials who want to start slowly setting aside money for emergency funds. You can form a habit of saving regularly, for example setting aside Rp20,000 every week and without noticing, in a few months you already have a reserve fund whose value continues to grow.
4. Protected from Consumptive Temptation
Keeping emergency funds in a savings account often feels “tempting”. Once you see the balance, you can immediately be tempted to shop online, snack, or buy things that are not necessarily needed.
By saving your emergency fund in digital gold, you will think twice about withdrawing it. Digital gold is not as “liquid” as cash in your wallet or e-wallet balance, so psychologically you will be more disciplined and not easily tempted. This makes your emergency fund truly “safe” from impulsive spending.
Set up an Emergency Fund Now, Rest Easy in the Future
Setting up an emergency fund is not just a wise choice, but a form of responsibility to your own future. And with digital gold, you can start small, easy, and stay safe from consumptive temptations.
Especially now that Treasury has the Jamimas feature. Jamimas is a feature in Treasury Apps that allows Treasury Users to temporarily sell digital gold owned by Treasury users to obtain funds.
With a certain additional Light Fee to Treasury according to the tenor chosen by the Treasury User at the time of repurchase by the Treasury User. Therefore, don’t wait until an emergency comes. Start building your emergency fund now with Treasury!
