Emergency runway
How long could my savings last?
See how many weeks of essential costs your emergency savings would cover, and how long to reach three or six months.
What you must pay each month
R
R
R
R
R
R
R
R
Essential costs each monthR 21 300
R
Money you could reach within a day or two.
R
How long your savings would last
Weeks of essentials covered
3.7
Months
0.8
| Your target (3 months of essentials) | R 63 900 |
| Still to save | R 45 900 |
| Time to get there at R 1 000 a month | 46 months |
A common guide is three to six months of essential costs. Two months is a floor and one month is a good first target. It is for real emergencies such as a medical bill, a broken car or a lost job. Keep it apart from your everyday account so it is not spent by accident.
Essential costs are the ones you must keep paying if your income stopped. Treats, takeaways and savings are left out. This is an illustration based on the figures you enter.
Financial education, not financial advice. Money-Sense does not recommend any product and nothing here is personalised advice. Results depend on the figures you enter and on assumptions that can change. Speak to an authorised financial services provider before you make a financial decision.