Section outline

  • How Much Is Enough? – Personalized Planning 📏

    “Emergency fund” sounds big — and maybe a little scary. But here’s the truth: you don’t need lakhs to feel safe. You just need enough to handle a few bumps on life’s road — your kind of bumps, not someone else’s.

    This section helps you decide what your emergency fund should look like, step by step.

    • 🔍 Understand Your Monthly Basics

      Start by calculating your essential monthly expenses — the absolute must-haves:

      • House rent or loan EMI
      • Groceries and kitchen supplies
      • Electricity, water, phone bills
      • School fees or basic transport
      • Medicines or health needs

      Add these up — this is your Monthly Survival Budget.

    • 📆 Decide Your Emergency Goal

      Now multiply that amount by how many months you’d like to prepare for. Most experts suggest 3 to 6 months of essential expenses.

      For example:

      • If your monthly basics = ₹10,000
      • Then 3 months = ₹30,000 → this is your emergency goal 🎯

      Can’t save it all at once? No problem. Set a mini-goal:

      • Start with ₹2,000/month → you’ll reach ₹30,000 in 15 months!
      • Even ₹500/month = ₹6,000/year → still better than zero!

      💡 Tip: Use the same Google Sheet or notebook from the last course. Create a page titled “Emergency Fund Goal” and update it monthly.

      You’re not behind. You’re beginning. And that’s brave. 🌱