Emergency Fund
Planning & BudgetingSavings set aside for unexpected expenses or income loss, typically 3-6 months of essential living expenses.
Example
Example: Your monthly essential expenses are $3,800 (rent, utilities, food, insurance, minimum debt payments). A 3-month emergency fund is $11,400; a 6-month fund is $22,800. If you save $500/month in a HYSA earning 4.5%, you reach 3 months in 22 months and 6 months in 42 months. Use our emergency fund calculator.