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Emergency Fund Calculator
Calculate how much you should save in your emergency fund based on your monthly expenses, income stability, and personal risk factors.
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Total Monthly Expenses
Life Situation & Risk Factors
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Your Savings Plan
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What is an Emergency Fund?
An emergency fund is money set aside to cover unexpected expenses like medical bills, car repairs, or job loss. It provides financial security and peace of mind.
Where to Keep It
Store your emergency fund in a high-yield savings account. It should be easily accessible but separate from your regular checking account to avoid temptation.
Build It Gradually
Don't stress about saving it all at once. Start with $1,000, then work toward one month, then three months. Automate your savings to make it easier.