How to Use the Emergency Fund Calculator

An emergency fund is a crucial financial safety net that can help you weather unexpected expenses like medical bills, car repairs, or job loss. Our emergency fund calculator helps you determine how much you should save and tracks your progress toward your goal.

Why You Need an Emergency Fund

• Protects against unexpected expenses
• Prevents debt accumulation during emergencies
• Provides peace of mind and financial security
• Helps maintain your lifestyle during income disruptions

How Much Should You Save?

Financial experts typically recommend saving 3-6 months of living expenses. However, your ideal emergency fund size depends on factors like job stability, family size, and monthly expenses.