Emergency Fund Builder - Design Document

Overview

This simple yet critical tool helps users determine their ideal emergency fund target and track their progress towards saving it.

Key Features:

• Monthly Expenses Input: List of essential monthly expenses (housing, food, utilities, insurance, transportation).
• Target Fund Calculation: Automatically calculates target emergency fund (3-6 months of essential expenses).
• Current Savings: Input for current emergency fund balance.
• Progress Tracker: Visual (e.g., progress bar) showing how close the user is to their goal.
• Contribution Planner: Suggests monthly contribution to reach the goal within a specified timeframe.

Interactivity:

• Adjustable target months (3-6-9 months of expenses).
• Real-time progress updates and suggested contributions.