Emergency Fund
Do you have enough money to cover an emergency? Look at your finances to determine how much you should be saving in preparation for the unexpected. A typical emergency fund should cover 3-6 months of expenses.
Assumptions:
Current emergency funds available
Number of months you want the emergency funds to last
Number of months you think you will need to build an emergency fund
Expenses:
or Itemize Monthly:
Mortgage or rent payment
Automobile loan(s)
Personal loan(s)
Payroll Tax
Other taxes
Utilities
Household repairs and maintenance
Food
Clothing and laundry
Educational expenses
Childcare
Vehicle expenses (gas, repairs, etc.)
Other transportation expenses
Life insurance premiums (monthly)
Automobile insurance (monthly)
Medical, dental and disability insurance (monthly)
Entertainment and dining
Recreation and travel
Hobbies
Gifts
Major home improvements and furnishings
Professional services
Charitable Contributions
Results
Emergency Fund Analysis:
Monthly living expenses
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