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Emergency fund

An emergency fund is cash set aside for unexpected costs such as job loss or repairs, commonly three to six months of essential spending.

Last reviewed: 2026-10-03

In more detail

For $3,000 of monthly spending, a six-month target is $18,000. Keep it in an accessible savings account, not in investments that can fall when you need the money.

Try these tools

Emergency Fund Calculator

Work out how much your emergency fund should be from your monthly essential expenses and months of cover.

In more detail

Try these tools

Emergency Fund Calculator

See also