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