How much money do you really need in your emergency fund?

How much money do you really need in your emergency fund?

By Scott Alan Turner

Apr 06

Financial planners will usually tell you to have three to six months of quick-access cash for an emergency fund.

Have you ever asked yourself which is it? Three, four, five, or six months?

Unless you have a financial advisor you are often left guessing.

If you want a more accurate number backed up by science and data, take a few minutes to use HelloWallet’s free online emergency fund calculator. By using the calculator, you won’t be guessing anymore.

To use this free online calculator, you will need to have a monthly budget written down. Your budget can be used to enter in your monthly expenses and take home income.

Try the HelloWallet Emergency Savings Calculator

Please leave a comment below letting me know what you think about it.

Emergency fund calculator