Enter your data
£
months
Enter your essential monthly expenses and the number of months you want to cover. The result is the amount to set aside.
=Emergency fund needed
24,000£
Monthly expenses4,000 £
Minimum (3 months)12,000 £
Comfortable (6 months)24,000 £
Emergency fund needed 6 months24,000 £
The usual advice is a fund covering 3–6 months of essential expenses. Choose more (6–12 months) if your income is unstable or you are the sole earner.
Emergency fund needed = 24,000 £ (4,000 × 6)