Emergency Fund Readiness Checker

Are you truly ready for an emergency? Use our Emergency Fund Readiness Checker to assess your savings and ensure you're prepared for life’s unexpected events.

Include essential expenses like rent/mortgage, utilities, food, insurance, etc.
Including yourself, spouse, children, and others who depend on your income
Current amount saved specifically for emergencies
How much you can save toward your emergency fund each month

Why You Need an Emergency Fund

An emergency fund is your financial safety net for unexpected events like medical emergencies, job loss, or urgent home repairs. It helps you avoid debt and provides peace of mind during challenging times.

1 Understand your risk factors

Your personal circumstances determine how large your emergency fund should be. Factors like income stability, dependents, and health insurance coverage affect the recommended amount.

2 Calculate your recommended fund size

This calculator assesses your situation and provides a personalized recommendation for your emergency fund size, typically 3-12 months of essential expenses.

3 Create a funding plan

If your emergency fund needs strengthening, we'll suggest strategies to help you reach your target amount gradually.

Common Emergency Fund Mistakes
  1. Not having an emergency fund at all
  2. Keeping it in investments rather than cash/liquid assets
  3. Using it for non-emergencies
  4. Not replenishing it after using it
  5. Having too small a fund for your personal risk factors



Disclaimer : The results provided by these calculators are for informational purposes only and should not be considered as financial, medical, or professional advice. The accuracy of the calculations depends on the information entered, and actual results may vary. We recommend consulting a financial advisor or healthcare professional for personalized guidance.