Building an emergency fund: Calculate how much to save
Saving for a rainy day, whether medical mishap or loss of income, requires regular contributions.
Many financial advisers agree that it’s best to have an emergency saving fund that’s equal to 3 - 6 months of your expenses. Our calculator will help you identify what your monthly expenses are so you can determine what could be a good emergency fund amount. After you have determined your total monthly expenses you can multiply that amount by the number of months you’d like to have an emergency account for.
Build an emergency fund: How much to save
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