Be Free With Finance
Not six months because someone said six months. A number based on what you genuinely spend and how long you'd realistically take to replace your income.
Add your regular monthly costs. The category decides what counts as essential — you don't have to work that out yourself.
Rent, food, utilities, EMIs, insurance, family support — the costs that don't stop if your income does.
Be honest rather than optimistic. Senior roles and narrow fields usually take longer.
Savings account, FDs, liquid funds. Don't count long-term investments you wouldn't want to sell, or credit you'd have to borrow.
Your emergency fund target
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Add your expenses above to see your number.
The flat line is your target today. The rising line is what the same lifestyle will cost you to cover later.
Target = essential monthly expenses × months to replace your income. Nothing more complicated than that.
Only essential categories count. Eating out, shopping, subscriptions and leisure travel are left out — in a genuine emergency, those are the first things to go.
EMIs are treated as essential, because lenders still expect payment when your income stops. Some loans can be restructured or paused if you ask early, which would lower the number — worth knowing before you need it.
Time to target assumes you keep contributing the same amount each month. It ignores any interest you earn, which makes it slightly conservative.
Projections apply your chosen inflation rate to today's target. They're a rough guide, not a forecast.