With this calculation tool you know how much savings you need

No idea how much savings you should have for unexpected large expenses? Nibud developed a calculation tool that calculates exactly how high your buffer should be for you.

We probably don’t have to tell you that you need to have money in reserve for financial setbacks. You don’t assume that your car and washing machine will break down exactly at the same time, but of course you never know. How much savings are we talking about here? How much savings do you ‘need’?

We live in a society with people who would rather talk about their sex life than talk about their savings account. As a result, you have no idea how much savings are ‘normal’. Or what amount is wise to set aside for a ‘rainy day’. As Dutch people we already save more, but that is mainly due to corona time.

How much savings do you need?

The National Institute for Budget Information (Nibud) comes to your aid. This institute has developed a handy calculation tool with which you can calculate how large your buffer should be. Of course you don’t have to do anything at all – that’s why the must is always between ‘quotation marks’ in this article. Still, it is nice to know exactly what amount you ‘should’ keep on hand for unexpected large expenses.

This is not a fixed amount for everyone, because it depends on a large number of factors. Whether you live in a rental or owner-occupied home and whether you have a car, for example. Nibud has therefore developed a calculation tool with which you can calculate your buffer in no time. You don’t spend more than five minutes on it. So do it right away, then you immediately know where you stand.

You can check the calculation tool here.

Calculation tool very handy

Complete a number of questions – including the amount you currently have in your savings account – and voila: Nibud indicates how much savings you ‘should’ have. And not only that: the tool also indicates how much money you are above or below the required amount.

Tip: do you live with a partner? Choose to enter your joint income and savings, otherwise the tool will quickly tell you that you have saved too little money. If you just want to know where you stand, it is best to state that you do not live together.

Do not worry if you have not yet saved the amount that Nibud recommends. The first step has been taken: you realize that there is work to be done. Then it is a matter of saving. Since that is of course easier said than done, you will find many more tips here.

These habits have people who are good at saving money

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With this calculation tool you know how much savings you need


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