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Handling the Unexpected: Emergency Fund

Provided by Visa, Content Partner for the SME Toolkit

Emergency Fund

Prepare for the unexpected by saving three to six months of living expenses. An emergency fund should be easy to access in the event of unemployment, illness or a major unplanned expense. Use this calculator to see how much you need to put aside for your emergency fund.


Current emergency funds available NGN
Number of months you want the emergency funds to last  
Number of months over which you want to accumulate your emergency fund  


Total monthly living expenses. If you plan to itemize (below), leave blank NGN

or Itemize Monthly:

Mortgage or rent payment NGN
Vacation home (mortgage) NGN
Automobile loan(s) NGN
Personal loan(s) NGN
Charge accounts NGN
Federal income tax (per month) NGN
State income tax (per month) NGN
FICA (social security tax - per month) NGN
Real estate taxes - monthly NGN
Other taxes NGN
Utilities NGN
Household repairs and maintenance NGN
Food NGN
Clothing and laundry NGN
Educational expenses NGN
Child care NGN
Automobile expenses (gas, repairs, etc.) NGN
Other transportation expenses NGN
Life insurance premiums - monthly NGN
Homeowners/renters insurance (monthly) NGN
Automobile insurance (monthly) NGN
Medical, dental and disability insurance NGN
Entertainment and dining NGN
Recreation and travel NGN
Club dues NGN
Hobbies NGN
Gifts NGN
Major home improvements and furnishings NGN
Professional services NGN
Contributions NGN

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