● Safety net
Find out how big your emergency fund should be.
Cover your essential monthly costs — the same “Needs” number from your budget plan — for a few months, and you’ve got a cushion that keeps one bad month from becoming a bad year.
Your essentials
Rent or mortgage, groceries, utilities, insurance, minimum debt payments — costs that don’t stop if your income does.
$
Your cushion
How many months of expenses do you want covered?
$
$
Your target emergency fund
$12,000
6 months of essential expenses
Funded so far
0%
Estimate only, based on the expenses and pace you enter. Keep emergency savings somewhere easy to access, like a high-yield savings account — not invested in the market. Not financial advice.