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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 TT$
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 TT$

or Itemize Monthly:

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

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