Text Analysis & GenerationFinance

Emergency Fund Planner

Calculate your emergency fund target and monthly surplus, then get conservative/balanced/aggressive contribution plans-or a starter fund with micro-savings and adjustments-showing formulas, timelines, and currency-aware amounts.

Prompt Content

Calculate the target emergency fund and produce a practical monthly savings plan using the inputs below. Inputs: - Monthly income: Monthly Income - Essential expenses: Essential Expenses - Desired emergency fund duration (months): Ef Duration Months Do this step-by-step: 1) Parse numbers (strip currency symbols/commas). Detect and reuse the currency symbol; if none, omit it. 2) Compute: - Monthly surplus = income - expenses - Target emergency fund = expenses × duration 3) Build the plan: - If surplus > 0, provide three options using the surplus: • Conservative (30% of surplus) • Balanced (50% of surplus) • Aggressive (80% of surplus) For each: monthly contribution, months to target (ceiling), and one brief note. - If surplus ≤ 0, instead provide: • Starter fund target = min(500, 0.5 × expenses) • Weekly micro-savings amount (≈1% of income, rounded) and weeks to starter fund (ceiling) • Top 3 immediate adjustments (brief, high-impact) 4) Round money to whole units; show formulas and results; keep notes under 12 words. Output exactly this structure: Inputs: - Monthly income: … - Essential expenses: … - Duration (months): … Calculations: - Monthly surplus = income - expenses = … - Target emergency fund = expenses × duration = … Savings plan: - Conservative: monthly …; months to target …; note: … - Balanced: monthly …; months to target …; note: … - Aggressive: monthly …; months to target …; note: … (If surplus ≤ 0, replace the three options with: Starter fund target …; Weekly micro-savings …; Top 3 adjustments: • … • … • …) Tips: - • Automate transfers right after payday - • Keep fund in a separate high-yield account - • Direct windfalls/refunds to the fund

Variables

Monthly Income: Your total monthly take-home income; Example: 3500
Essential Expenses: Your total essential monthly expenses; Example: 2300
Ef Duration Months: Desired emergency fund coverage in months; Example: 6