Emergency Fund Calculator

Purpose of Emergency Funds

An emergency fund is your financial safety net, designed to cover unexpected expenses or loss of income. It helps you avoid debt and maintain financial stability during challenging times.

How Much Should You Save?

• Low Risk (stable job, good insurance): 3-4 months of expenses
• Medium Risk (average stability): 6 months of expenses
• High Risk (variable income, health issues): 12 months of expenses

Tips for Building Your Fund

• Start small and build consistently
• Keep the fund easily accessible
• Separate from regular savings
• Automate your contributions
• Replenish after using