Emergency readiness: could your savings cover a bad month?
The Emergency Readiness report counts your savings and your bank balances as your cushion, compares them with what you spend, and shows how prepared you are and how far you are from a safer level.
What the Emergency Readiness looks at
- Your cushion
- Savings you have recorded plus the balances of the bank accounts in your Vault.
- Against your spending
- How that cushion compares with your monthly expenses.
- Coverage and next steps
- How much further you would need to go, with plain insights.
What you need, and how to use it
What it needs: Bank accounts with a balance in the Vault, or savings recorded in a book, plus your expenses.
- Add your bank accounts to the Vault, and mark savings in your books.
- Open Insights, then Reports, then Emergency readiness.
- Use the emergency fund calculator to set a target and plan how to reach it.
Questions people ask
How many months of expenses should an emergency fund cover?
A common rule of thumb is several months of essential expenses, more if your income is irregular or you support others. The emergency fund calculator lets you choose the number of months and see what that means in rupees.
Is it free?
Yes. Everything in the app is free to use at the moment: there is no paid plan to choose.
See your own numbers
Create an account, add a few entries and open Emergency Readiness. It works from what you record.