Emergency Fund Calculator
Determine how much you need in your emergency fund and track your progress towards your goal.
Emergency Fund Details
Enter your monthly expenses and desired coverage.
Typically 3-6 months for stable income, 6-12 months for variable income.
Recommended Fund
$0.00
Shortfall/Surplus
$0.00
Months to Goal
0
Building Your Emergency Fund
1. **Start Small:** Don't get overwhelmed. Even saving $500 or $1,000 is a great first step.
2. **Automate Savings:** Set up automatic transfers from your checking account to a dedicated savings account each payday.
3. **Cut Expenses:** Look for areas in your budget where you can temporarily reduce spending to free up more cash for your fund.
4. **Windfalls:** Direct any unexpected income (tax refunds, bonuses, gifts) directly into your emergency fund.
5. **Keep it Accessible:** Store your emergency fund in a separate, easily accessible savings account, not in investments.