Onevanilla Gift Card Balance - PowerPoint PPT Presentation

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Onevanilla Gift Card Balance

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Use The Onevanilla Gift Card Balance As An Emergency Fund @ – PowerPoint PPT presentation

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Updated: 13 October 2020
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Title: Onevanilla Gift Card Balance


1
Use The Onevanilla Gift Card Balance As An
Emergency Fund
2
With a global pandemic raging across all
countries and economy of the world down on its
knees, almost everyone needs to make sure that
they have a separate, safe yet easily accessible,
emergency fund. While there may be a number of
ways to keep money saved for emergencies, one
very important factor is that the money remains
safe but also well within the reach when the
emergency actually occurs so that you or your
family members can utilize it on an as needed
basis. Onevanilla gift card is a great way to
stash some of your money for emergencies.
3
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4
What is an Emergency Fund? An emergency fund,
also known as the rainy-day fund is money that is
kept in a safe keeping method for usage when some
unexpected need of money arises that threatens to
throw your monthly budget off the rails. The
basic concept of emergency fund is that it is
only to be used in emergencies. An emergency is
something that you could not have predicted.
Thus, annual expenses like car insurance that are
supposed to occur at a fixed time every year are
not emergencies because you are supposed to plan
for them. An accident that however causes more
damage that your insurer is ready to cover can be
categorized as emergency. Similarly, job loss
because of corona virus can also be classified as
an emergency.
5
How much money do you need in emergency fund?
Over the years, many knowledgeable people in
the personal finance domain have pondered and
discussed this question to the moon and back and
back to moon again. While there is no definitive
answer to this question and the best path is to
decide your own amount in terms of actual
savings, most experts say that in normal times
you must keep at least two months of expenses in
your emergency fund. In these exceptional times
however, it is strongly advised to keep at least
six months worth of expenses in your emergency
fund. If you can keep even more, all the better,
because of pervasive job losses and increase in
difficulty with regard to finding new jobs.
6
  • Why choose Onevanilla card to store your
    emergency fund?
  • There are a large number of options when it comes
    to storing your emergency funds. Cash seems like
    a good choice but people tend to spend cash
    rather easily. Credit Cards are the choice if you
    want to run overbudget immediately. There are a
    number of reasons why a prepaid visa gift card is
    the best choice for emergency fund storage
  • First of all, instead of a huge roll of cash, a
    prepaid card is easy to store. You can have it
    hidden yet easily accessible by sharing the
    location with a family member when needed.
  • Second, with prepaid cards, you can use the money
    at any merchant who will accept a debit card or
    credit card. This also provides you the facility
    to use the Onevanillla card both online and
    offline.
  • Third, these cards can easily be blocked and
    replaced if lost or stolen so your money remains
    safe.

7
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check-vanilla-visa-gift-card-balance
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