Emergency Fund Calculator

An emergency fund calculator allows you to get a ballpark figure for how much money you should sock away in case of an unplanned expense or loss of income. But it provides a nice benchmark for your emergency savings: by taking into account things like monthly expenses, how many months’ worth of costs you want to cover and how much you already have saved, it creates a concrete goal. This is a means to greater financial security, and the peace of mind it can give you when faced with the unexpected.