Emergency Fund Calculator

An emergency fund is a savings account that you can use in times of financial difficulty. This emergency fund calculator can help you estimate exactly how much you will need to save for your emergency fund to last your desired timeframe. With its detailed breakdown of the incomes and expenses this tool can show you areas that have the potential for reductions in spending. This tool differs from other emergency fund calculators as it has a future event facility which allows you to forecast your savings into the fund, with a summary of how much the funds will last. An example of how this would be beneficial would be in anticipation of a future job loss due to COVID19.

Emergency Fund Questions

What is your current emergency fund balance?

$

How many months do you think you have until the fund is needed?

What % of your net disposable income will you save until that point?

%

Net Remuneration

Monthly net allowances income

$

Monthly net commission income

$

Monthly net subsidy income

$

Monthly net other income total

$

(A)

Net remuneration total

$

Net Other Income

Monthly net child support income

$

Monthly net dividend income

$

Monthly net pension income

$

(B)

Other income total

$

Operational Expenses

Monthly cleaning expenses

$

Monthly clothing expenses

$

Monthly donation expenses

$

Monthly education expenses

$

Monthly entertainment and dining out expenses

$

Monthly gardening expenses

$

Monthly groceries expenses

$

Monthly investment expenses

$

Monthly life insurance expenses

$

Monthly medical insurance expenses

$

Monthly maintenance payment expenses

$

Monthly medical expenses

$

Monthly memberships expenses

$

Monthly property tax expenses

$

Monthly rent paid expenses

$

Monthly repairs/maintenance expenses

$

Monthly subscription-based services expenses

$

Monthly utility expenses (power etc)

$

Monthly vehicle fuel expenses

$

Monthly vehicle maintenance expenses

$

Monthly vehicle insurance expenses

$

Monthly other operational expenses

$

(C)

Total operational expenses

$

Financing Expenses

Monthly bank charges expenses

$

Monthly credit card repayment expenses

$

Monthly technology financing expenses

$

Monthly furniture financing expenses

$

Monthly vehicle financing expenses

$

Monthly mortgage repayment expenses

$

Monthly personal loan payment expenses

$

Monthly other financing expenses

$

(D)

Total financing expenses

$

Net Disposable Income Calculation

Monthly net remuneration total (A)

$

Monthly net other income total (B)

$

Net incomes total

$

Monthly net operational expenses total (C)

$

Monthly net financing expenses total (D)

$

Net expenses total

$

Monthly net disposable income

$

Emergency Fund New Balance Summary:

Net disposable saving at % of $ each month

$

Amount saved additionally until the fund is needed in months

$

New total emergency fund balance after additional months of saving

$

Emergency Fund Drawdown Summary:

Number of month emergency fund balance of $ will last with expenses per month of $



Calculate.co.nz is partnered with Interest.co.nz for New Zealand's highest quality calculators and financial analysis.

Looking for an ethical KiwiSaver? Go to mindfulmoney.nz – it’s quick, easy and free. If you've found a bug, or would like to contact us please click here.

Copyright © 2019 calculate.co.nz All Rights Reserved. All calculators and tools on this website are made for educational and indicative use only. Calculate.co.nz is part of the GST Calculator, PAYE Calculator and CGT Calculator group.