Emergency Fund Calculator
Sets a target for your rainy-day savings.
Result
- Emergency fund target
- S$18,000.00
How to use the emergency fund calculator
- Enter the monthly essential expenses (S$).
- Enter the months of cover.
- The results update as you type, or press Calculate.
- Read the emergency fund target first, then the supporting figures below it.
Formula
Target = monthly expenses × months.
Worked example
For example, with these inputs:
- Monthly essential expenses (S$): 3,000
- Months of cover: 6
the calculator returns:
- Emergency fund target: S$18,000.00
Background
Compounding is the reason long-term saving works: returns earn further returns, so the growth curve steepens over time. The same maths works against you with debt, which is why credit card balances at around 27% a year grow quickly if only minimum payments are made.
Cars in Singapore carry costs found almost nowhere else, including the Certificate of Entitlement and the Additional Registration Fee. Loans are capped at 60% or 70% of the price depending on the car's Open Market Value, and the maximum tenure is seven years.
Frequently asked questions
How does the emergency fund calculator work?
It applies this formula: Target = monthly expenses × months.
Is this financial advice?
No. It is a calculation tool. For decisions about loans or investments, compare official offer documents and consider speaking to a licensed adviser.