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Emergency Fund Calculator (How Much Do Australians Need in 2025?) Life is unpredictable — that’s why every Aussie should have an emergency fund. But how much is enough? Use this simple guide to calculate your ideal emergency fund in 2025. What Is an Emergency Fund? It’s money set aside to cover 3–6 months of essential expenses in case of job loss, medical emergencies, or unexpected bills. Step 1: Calculate Monthly Essentials Rent/Mortgage Groceries Utilities Transport Insurance Total Example: $3,200/month Step 2: Multiply by 3 to 6 Months If you choose 4 months → $3,200 × 4 = $12,800 needed Step 3: Start Small and Build Weekly Even saving $50 a week = $2,600 a year. Progress matters! Bonus Tool: Free Emergency Fund Calculator (Excel + PDF) Click below to download our free tracker to calculate your goal and monitor progress. Final Thought: Your future self will thank you for starting today — even if it’s just $10 at a time. Disclaimer: This post i...

How to Budget on a $60K Salary in Australia Making $60,000 a year in Australia puts you slightly below the median full-time salary, but it’s still enough to live well with proper budgeting. Here’s how to break it down, save smart, and still enjoy life. Step 1: Know Your Net Income On a $60K gross salary, your after-tax income in 2025 is approximately $48,500/year or around $935/week . Step 2: Use the 50/30/20 Rule This classic budgeting strategy helps you divide your income wisely: 50% Needs: Rent, groceries, utilities, transport (~$467/week) 30% Wants: Dining out, entertainment, hobbies (~$280/week) 20% Savings & Debt Repayment: Emergency fund, credit card, investments (~$187/week) Example Monthly Budget Category Amount (AUD) Rent (shared apartment) $1,200 Groceries $400 Utilities & Transport $300 Dining & Entertainment $500 Savings & Investments $60...