Emergency Fund Calculator
Calculate your essential monthly expenses and determine your emergency fund targets
Essential Monthly Expenses
Enter your regular expenses and select how often you pay them. The calculator will convert everything to a monthly amount.
| Category | Amount (AUD) | Frequency | Monthly Equivalent |
|---|---|---|---|
| Housing (rent or mortgage) | $0.00 | ||
| Utilities (electricity, gas, water, internet) | $0.00 | ||
| Groceries | $0.00 | ||
| Transport (fuel, public transport, rego, insurance, maintenance) | $0.00 | ||
| Insurance (health, car, home, contents) | $0.00 | ||
| Medical (prescriptions, essential treatments) | $0.00 | ||
| Phone (mobile and home) | $0.00 | ||
| School Fees | $0.00 | ||
| Debt Minimum Repayments (cards and loans) | $0.00 | ||
| Childcare | $0.00 | ||
| Other Essential Expenses | |||
| $0.00 | |||
| $0.00 | |||
| $0.00 | |||
| $0.00 | |||
| $0.00 | |||
Your Emergency Fund Targets
Based on your essential monthly expenses, here's how much you should aim to save for different time periods.
| Target Period | Amount (AUD) |
|---|---|
| Essential Monthly Total | $0.00 |
| Emergency Fund - 1 Month | $0.00 |
| Emergency Fund - 3 Months | $0.00 |
| Emergency Fund - 6 Months | $0.00 |
| Emergency Fund - 12 Months | $0.00 |
About This Calculator
Purpose
This calculator helps you determine how much money you need in an emergency fund based on your essential living expenses. It focuses only on the necessities—housing, utilities, food, transport, and other must-pay costs—to give you a clear target for 1, 3, 6, and 12 months of financial security.
Key Assumptions
The calculator converts all your expenses to a monthly equivalent and multiplies by the target period. It includes only essential expenses and excludes discretionary spending like entertainment, dining out, holidays, clothing, and gifts. The amounts shown represent the minimum you would need to cover basic living costs during an emergency, such as job loss or unexpected income disruption.
Important Disclaimer
This calculator is provided for educational and informational purposes only. It is not financial advice, and results are estimates based solely on the information you provide. Your actual emergency fund needs may vary depending on your individual circumstances, risk tolerance, job security, health situation, and other personal factors. This tool does not account for existing savings, investments, government support, insurance payouts, or other financial resources you may have access to during an emergency. For personalised financial advice, please consult with a qualified financial adviser.