Emergency Fund Calculator
Want to prepare for something unexpected happening? Just input a few details – including your age, whether you have dependents or not, current savings, and monthly expenses – and WalletHub's Emergency Fund Calculator will tell you how much and how long you would need to be prepared for an emergency.
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Tips on Saving Up for the Worst
Preparing for the worst is all about saving regularly. Here we have some extra tips that could help you reach your savings goal sooner.
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Keep your emergency fund in a separate high-yield savings account, so you're not tempted to spend it on non-emergency expenses.
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Make saving easy by scheduling automatic deposits to your emergency fund.
While saving more is the obvious idea to speed up your emergency preparedness, it will mean putting more stress on you. Therefore, start saving early and regularly will help you reach your goal steadily without hurting your financial soundness.
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