Monthly Essential Expenses
Total monthly essentials: $3,600
Target Emergency Fund Size
Your Emergency Fund Status
Emergency Fund Tips
- Keep your emergency fund in a high-yield savings account for easy access and interest
- Only use it for true emergencies: job loss, medical bills, essential repairs
- Automate monthly transfers to remove the temptation to skip
- Reassess every 6 months as expenses change (especially with tariff-driven price increases)
- If self-employed or in a volatile industry, target 9-12 months minimum