How much should I have in my emergency fund?

Most financial advisors recommend 3-6 months of expenses for stable employment, 6-12 months for variable income or sole breadwinners, and at least 3 months minimum for everyone. The exact amount depends on your circumstances.

Where should I keep my emergency fund?

Keep emergency funds in a high-yield savings account, money market account, or short-term CD ladder. The money should be easily accessible but separate from your everyday checking account to avoid temptation.

What counts as a true emergency?

True emergencies include job loss, major medical expenses, urgent home or car repairs, or unexpected family crises. Non-emergencies like vacations, shopping, or planned expenses should come from other savings.

Emergency Fund Calculator - Ideal Fund Size

How to Use the Emergency Fund Calculator

This free emergency fund calculator helps you quickly calculate recommended emergency fund. Simply enter your values in the fields above and click "Calculate" to see your results instantly.

Understanding Your Results

After entering your information, the calculator will display your results including recommended emergency fund, months of expenses covered, minimum fund (3 months), ideal fund (6-12 months). Each result is calculated using standard formulas used by financial professionals and experts in the field.

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