Calculate how much you need to save for financial security. Free and simple.
An emergency fund is money set aside to cover unexpected expenses or financial emergencies. Financial experts recommend saving 3-6 months of essential expenses to protect yourself from:
Include: rent, utilities, food, transportation, insurance, minimum debt payments
3 months = stable job | 6 months = recommended | 12 months = extra security
Enter your monthly expenses above to calculate your emergency fund target
Life is unpredictable. Without an emergency fund, unexpected expenses can derail your finances and force you into debt. An emergency fund provides:
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If you have debt, start with a mini emergency fund of $1,000. This covers most small emergencies while you focus on debt payoff.
Set up automatic transfers from checking to savings on payday. Even $50-100/month adds up quickly.
Put tax refunds, bonuses, and unexpected money directly into your emergency fund.
Store your emergency fund in a high-yield savings account - separate from checking but easy to access when needed.
Save $1,000 first, then focus on high-interest debt. Once debt is paid, build your full 3-6 month emergency fund.
No. Emergency funds should be in cash (savings account) for immediate access. Investments can lose value when you need the money most.
True emergencies: job loss, medical bills, essential car/home repairs. NOT emergencies: sales, vacations, or wants. Be honest with yourself.
It depends on how much you can save monthly. Use the calculator above to see your timeline. Most people take 6-24 months to build a full emergency fund.
Set savings goals and track your progress automatically with voice-powered expense tracking.