Emergency Fund Calculator
Updated: 2021-12-01T05:13:03Z

 

If you've been fixing your finances for quite some time, then you probably know that after eliminating bad debts, the next step is building an emergency fund.

 

Building an Emergency Fund
"bookkeeping-accounting-taxes" by Firmbee is licensed under CC0

Saving for the rainy day is essential given that job security was a thing in the past. The pandemic has shown us this.

 

So, you've committed to building an emergency fund. The next question we usually ask next is how long it will take?

 

Given our fast-paced world, we sometimes lack the patience to wait for something to grow.

 

Use the calculator below to know how long will it take the build the fund.

 




Emergency Fund Calculator



Instruction: Enter only the numeric value. For example, you need to enter 100000 instead of 100,000 to calculate correctly.






 

Takeaway

 

Building your emergency savings will take time. This is why you need to give your 100% commitment to the task.

 

If you can accomplish this, then the other steps to financial freedom will be much easier because you've already built the following values: Patience, Consistency, and Faith.

 

 

How long did it take to build your emergency fund? Share your perspective by commenting below.

 

 

 

Quote

 

"Save what you can toward the emergency fund. But don't worry yourself sick at the slow growth. The point is it's growing even it's just one dollar at at time."
Michelle Singletary
 
 
 
- Your Life In Perspective by ÆlfRæd (Elf Counsel)
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