Emergency fund calculator
See how much to save for unexpected costs like job loss, car repairs or medical bills.
An emergency fund covers essentials when life throws a curveball. Most experts recommend 3–6 months of expenses. If you're paying off high-interest debt, start with a smaller starter fund (~£1,000), then build to 3–6 months once the debt is gone.
Rent/mortgage, food, utilities, transport, insurance, minimum debt payments.
Recommended emergency fund
£12,000
6 months × £2,000/month
Breakdown
3 months
£6,000
6 months
£12,000
9 months
£18,000
12 months
£24,000
Where to keep it: a separate easy-access savings account (ideally one earning some interest). Keep it accessible — but not so accessible that you spend it on non-emergencies.
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Open the debt calculatorEstimates only. Not financial advice.