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Build Your Survival Fund

Name: Emergency Fund Calculator - How Much Cash Do You Need?
Author: Calculator.CL

Financial experts recommend saving 3-6 months of essential living expenses. Find your target number.

Housing (Rent/Mortgage)

Utilities & Comms

Food & Groceries

Transportation

Debt Min. Payments

Insurance & Medical

Total Monthly Expenses $0

Goal: Months of Coverage

1 Month 6 Months 1 Year

Current Savings (Optional)

Target Fund Size

0% Funded

Current Savings $0

Amount Needed $0

Why You Need an Emergency Fund

An emergency fund is a stash of money set aside to cover the financial surprises life throws your way. These unexpected events can be stressful and costly. Here are the top reasons to start building one today:

Job Loss: If you lose your primary source of income, this fund pays for rent and food while you find a new job.
Medical Emergencies: Sudden illness or accidents can lead to bills not fully covered by insurance.
Car Repairs: Essential for getting to work, but often expensive to fix unexpectedly.

How Much Should You Save?

Financial advisors typically suggest:

3 Months: If you are single, have a stable job, and rent your home.
6 Months: If you are married, own a home, or have children (the standard recommendation).
12 Months: If you are self-employed, work in a volatile industry, or have a chronic medical condition.

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Build Your Survival Fund

Why You Need an Emergency Fund

How Much Should You Save?