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Finance Calculators
Emergency Fund Calculator
Calculate your recommended emergency fund target based on your monthly expenses.
Emergency fund target
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About the Emergency Fund Calculator
An emergency fund is cash set aside to cover essential expenses in the event of job loss, medical emergencies or other unexpected events, without relying on credit cards or loans.
Formula: Emergency Fund Target = Monthly Essential Expenses × Months of Coverage
Most financial guidance recommends 3 to 6 months of expenses, though those with variable income or a single-income household may want more.
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