6 month emergency fund calculator
- how much should i have emergency fund
- how much should i have in emergency fund reddit
- how much should i have in emergency fund uk
- how much should i have in my emergency fund uk
Emergency fund how much...
Emergency Fund: How Much You Should Save (with Calculator)
I can’t tell you the number of times my emergency fund has saved me and my bank account.
There was that time my dog got sick and I ended up with thousands of dollars in vet bills.
And the year when my trusty old Subaru went on the fritz. Let’s also not forget the day I quit my job.
Okay, that last one might have been a choice.
Still, each of these situations could have been detrimental to my personal finances.
Without an emergency fund, I would have been vehicleless, had thousands of dollars in credit card debt, and probably lived in my parent’s basement because I couldn’t afford to pay rent.
But none of those happened.
Where to keep emergency fundI was able to fix my car, pay for those vet bills in cash, and sustain myself long enough to find another source of income… All because I had emergency cash on hand.
The peace of mind from having an emergency fund kept me calm in the face of some serious financial stress.
It’s important that you have that peace of mind, too. So let’s talk about how y
- how much should i keep in emergency funds
- how much should i have in savings vs emergency fund