Emergency funds: how much is enough (and where to keep it)?

South Africa’s economic volatility makes emergency savings non-negotiable.

1. Calculate your target

• Aim for 3–6 months’ expenses. If you spend R15 000/month, save R45 000–R90 000.

2. Choose the right account

• Tax-free savings account: Earn interest tax-free (max R36 000/year deposits).
• Notice deposit: Higher interest for locking funds for 32+ days.

3. Start small

• Automate R500/month – it adds up to R6 000/year.

Next steps

Book your free 45-minute session with me today using the Contact button above.