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Everyday Money Tool

Emergency fund calculator

An emergency fund is not a vibe. It is a number tied to essential monthly spending and household risk. Work out the starter buffer, full target and gap.

Essential spendBills-first target
Risk adjustedDependants and income stability
Progress barCurrent cash vs target
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Calculator

Build the buffer number

Practical order

Build it in two stages

Starter buffer

One month of essentials is the first target if high-interest debt is still active.

Full buffer

Three to six months is a common range, but variable income, dependants and repair risk can justify more.

Sources

Useful guidance