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Emergency Fund

Provided by Visa, Content Partner for the SME Toolkit

Emergency Fund

Prepare for the unexpected by saving three to six months of living expenses. An emergency fund should be easy to access in the event of unemployment, illness or a major unplanned expense. Use this calculator to see how much you need to put aside for your emergency fund.

Assumptions:
Current emergency funds available CFA
Number of months you want the emergency funds to last  
Number of months over which you want to accumulate your emergency fund  

Expenses:
Total monthly living expenses. If you plan to itemize (below), leave blank CFA

or Itemize Monthly:
Mortgage or rent payment CFA
Vacation home (mortgage) CFA
Automobile loan(s) CFA
Personal loan(s) CFA
Charge accounts CFA
Federal income tax (per month) CFA
State income tax (per month) CFA
FICA (social security tax - per month) CFA
Real estate taxes - monthly CFA
Other taxes CFA
Utilities CFA
Household repairs and maintenance CFA
Food CFA
Clothing and laundry CFA
Educational expenses CFA
Child care CFA
Automobile expenses (gas, repairs, etc.) CFA
Other transportation expenses CFA
Life insurance premiums - monthly CFA
Homeowners/renters insurance (monthly) CFA
Automobile insurance (monthly) CFA
Medical, dental and disability insurance CFA
Entertainment and dining CFA
Recreation and travel CFA
Club dues CFA
Hobbies CFA
Gifts CFA
Major home improvements and furnishings CFA
Professional services CFA
Contributions CFA
 

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