ilmscore | Emergency Fund Calculation Predictions

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Recent Predictions

Total: 3

Correct: 1

Incorrect: 0

Pending: 2

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Prediction

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Video

With monthly expenses around 50,000 rupees (including EMIs), an emergency fund of 5 to 6 lakhs is recommended.

"your monthly expenses is around um including your EMIs is about 50,000 rupees per month. So about at..."

Mar 27, 2025

Correct

Emergency funds should be calculated based on six months of essential needs, not total expenses (including wants).

"when ever we calculate the emergency fund we don't calculate the total expenses it's only your needs..."

Dec 20, 2024

Pending

When calculating emergency funds, only essential and necessary monthly expenses should be considered, excluding discretionary spending like parties.

"so basically you are not going to say I I want these many funds for party that's a necessary expense..."

Jan 25, 2023

Pending