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Free tool

Emergency fund calculator

Work out how big your emergency fund should be, how far you are from it, and how many months it will take to get there at what you can save. Free, no sign-up, nothing leaves your browser.

Your numbers, worked out
  1. Type in your own numbers
  2. The tool works it out
  3. See the answer clearly
Emergency fund target
£9,000.00
22% of the way there
Still to save
£7,000.00
Months to reach it
24
Months covered now
1.3
Man at a desk in front of a computer

What an emergency fund is for

An emergency fund is money set aside for the unexpected: losing work, a broken boiler, a car repair. Having it means you don't have to borrow on a card or overdraft when something goes wrong. Many people aim for three to six months of essential costs, but the right amount depends on how steady your income is.

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Building it up

Count only the essentials: rent or mortgage, bills, food, transport and debt payments. Then save a fixed amount each month, ideally moved automatically on payday into a separate pot so it isn't spent by accident. Keep it somewhere you can reach quickly rather than locked away.

See it happen

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