Step one
Let's work out what it costs to keep your life running.
Enter approximately how much you spend each month on essential living expenses.
Include the costs you would still need to cover if your income unexpectedly stopped or reduced.
Avoid double-counting expenses. For annual or quarterly bills, enter your average monthly equivalent. For example, a $1,200 annual insurance premium is $100 a month.
Step two
Here's what your financial safety net could look like.
Three months of essential expenses may provide an initial financial buffer.
Six months may provide additional breathing room, particularly if your income is variable, you have dependants or replacing lost income could take longer.
These are planning guidelines, not universal rules. Your circumstances may mean you need more or less.
Step three
Every financial journey starts somewhere.
How much money do you already have set aside specifically for emergencies?
Don't include investments, retirement savings (super) or money already allocated to bills and other purposes.
Step four
Small, consistent steps can create meaningful financial security.
How much could you realistically save?
Step five
Your Financial Safety Plan
Your milestones
Your financial safety net isn't about how much money someone else has.
It's about understanding what you need to feel more secure in your own life, and taking practical steps towards it.
Every dollar you set aside is a step towards greater financial confidence and more choices.
Keep going
Want to take the next step towards financial confidence?
Understanding your financial safety number is a powerful beginning.
Discover more practical ways to understand your money, build financial security and create choices.
Get my free financial autonomy resourcesWant help understanding your bigger financial picture?
Your emergency savings are one piece of your financial wellbeing.
A Money Clarity Session can help you identify the financial information you need to understand, the questions worth asking and the next steps you may wish to explore.
Explore Money Clarity SessionsImportant information
This calculator is provided by The Queen of Evolution for general financial education and information purposes only.
It provides illustrative savings estimates based on information entered by the user and does not take into account all personal circumstances, financial needs or objectives.
It does not constitute personal financial advice, investment advice or a recommendation to acquire or dispose of any financial product.
The three- and six-month savings targets are general planning guidelines and may not be suitable for everyone.
Calculations exclude interest, inflation and changes in income or expenses. Actual outcomes may differ.
Consider seeking advice from an appropriately licensed financial adviser or other qualified professional where necessary.
Your figures stay on your device. Nothing you enter is sent, saved or stored.