Emergency Fund Calculator
Discover how much you need in your emergency fund and how to build it.
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Frequently Asked Questions
Why 6 months as the base?
6 months is the standard recommended by financial experts. It covers most emergencies like job loss, health issues, or unexpected repairs.
Where should I keep my emergency fund?
In a safe, easily accessible place: savings account, money market fund, or high-yield savings. Avoid volatile investments or hard-to-access accounts.
Should I stop other investments to build the fund?
The emergency fund is priority. Have at least 3 months before investing in other goals. Then you can build the fund and invest in parallel.