🛡️ Emergency Fund Calculator

Calculate required emergency fund for financial security.

Why Emergency Fund is Important

An emergency fund is a financial safety net for unexpected expenses like job loss, medical emergencies, or urgent home repairs.

Emergency Fund Guidelines

  • 3 months: Minimum for dual-income households
  • 6 months: Recommended for most people
  • 9-12 months: For single-income or self-employed

Where to Keep Emergency Fund

  • Savings bank account (easily accessible)
  • Liquid mutual funds (better returns)
  • Fixed deposit with premature withdrawal facility
  • Avoid investing in stocks or long-term instruments