Calculate your ideal emergency fund size (3-9 months of expenses). Create a savings plan and track your progress. Free emergency fund calculator, no signup.
The standard recommendation is 3-6 months of essential expenses. If you are self-employed, have irregular income, or support dependents, aim for 9-12 months. Our calculator personalizes this to your situation.
Include: rent/mortgage, groceries, utilities, minimum debt payments, insurance premiums, and transportation. Exclude wants like dining, entertainment, and subscriptions from the calculation — you would cut these in a crisis.
In a high-yield savings account (HYSA) — currently earning 4-5% APY. Keep it accessible but separate from checking so you are not tempted to spend it. FDIC insured up to $250,000 per institution.
No. Emergency funds should not be in stocks or investments that can lose value. You may need the money exactly when the market is down. Keep it in a HYSA or money market account for stability.
Job loss, medical bills, major car or home repair, and sudden essential expenses. It does not include planned expenses (holidays, car registration) or wants. Build a separate sinking fund for planned irregular expenses.
Yes — every FreeFixo tool, including the Free Emergency Fund Calculator, is 100% free with no paywall, no premium tier, and no usage limits. You do not need to create an account, enter a credit card, or share an email.