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Clova tools

Emergency fund calculator

Start with what you spend on essentials and what you can afford to save. See how a first buffer and a larger emergency fund could take shape.

Worked example
Your emergency fund
Enter costs and savings per
Your share of rent, food, bills and transport, per week
Per week
Only money set aside for emergencies

Your saving timeline

  1. $1,000First bufferabout 2 months · 10 weeks
  2. $2,166.67One monthabout 5 months · 22 weeks
  3. $6,500Three monthsabout 1 year 3 months · 65 weeks

AUD. Planning estimates, with the first deposit one full period from now. No interest, fees, withdrawals or changing costs. A month uses 52 ÷ 12 weeks. Changing period converts your amounts. Cent rounding may slightly change a target.

How to read your savings targets

The calculator shows a first $1,000 buffer and targets based on one month and three months of your essential costs. Money already saved reduces what is left to build.

The timeline counts whole deposits, starting one pay period from now. It assumes steady costs and contributions, with no interest or withdrawals. Use it as a planning estimate and revisit it when your costs change.

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