Emergency Fund Calculator

Do you know how much you need to save in your emergency fund?

An emergency fund can provide a financial safety net that protects you from unexpected expenses or income disruptions, but determining the right amount to save can be challenging. That is where our emergency fund calculator comes in.


With our emergency fund calculator, you can get customized recommendations for your emergency fund balance based on your unique financial situation. Our calculator takes into account factors such as your monthly income, expenses, and risk tolerance to provide a personalized recommendation that suits your needs.

Calculate here

Part 1: Essential monthly expenses

(this includes monthly rent or mortgage, essential utilities; water, electricity, wi-fi, house manager)

(this includes car payment, insurance, fuel, public transport)

(this includes supermarket and market costs)

(this includes life insurance, prescriptions)

(this includes any high-interest debt repayments that you need to keep paying)

(this includes airtime & bundles, personal grooming)

Part 2: Emergency Fund Level

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Download Chumz app to start your financial freedom journey. Create personal or group goals, set reminders and save.

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