Sunday, June 23, 2024
Banner Top
Print Friendly, PDF & Email

Calculate your Emergency Fund Needs

An emergency fund can be a vital shelter from the storm when unexpected financial calamity occurs. That could be a sudden illness or injury, loss of employment, a lawsuit — you name it. It’s the unexpected goblin that wasn’t factored into your financial planning process. But with the right amount of cash in the stash, you can rebound swimmingly.


Simply enter your monthly expenses in the fields below. Once you have a total budget, select how many months of savings you’d like to keep in your emergency fund. If you want to keep a copy of your results, input your email and a copy will be sent to you.

Fixed Expenses

Variable Expenses

Debt Payments

Total Monthly Expenses

Your total monthly expenses across all categories above.

Emergency Fund Needs

Most experts recommend at least 3 to 6 months of emergency fund savings.
The amount required to cover your expenses for the time period you selected.

Want to dive deeper into budgeting? Learn about creating a family budget, try our Inflation Calculator for Canada, or explore 10 Ways to Save for Your Emergency Fund.


Related Article


Leave a Reply