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How Much to Save in Emergency Fund

How Much Do You Keep in Your Emergency Savings?

Everyone has a different figure for his or her emergency savings fund, and I'm wondering what yours is. There are a couple of different strategies out there. Some people advocate saving up to three months of post tax salary, others recommend covering up to six months of living expenses, and there are those who think $1,000 is enough. I definitely think you should save more than that, and I personally have saved about two months take home salary, but I am aiming to increase it up to six month's worth.

How much you decide to save really depends on your situation, and you really need to take into account factors like your income, monthly debt payments, your dependents, and more. Emergencies happen all the time so it's best to be prepared for them. has a pretty nifty calculator that will help you get a better idea of how much to save for your emergency fund so be sure to check it out! How much do you keep in your emergency savings?

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Porkchopz Porkchopz 6 years
$50-$75K....we have been saving a long time.
care0531 care0531 6 years
I took a class on this and they said not necessarily 3 months income but enough to pay the bills for 3 months if you were to get laid off. The last couple years I have taken my tax return check and put that in my emergency savings as a nice starter and then I build from there.
gumdrops334 gumdrops334 6 years
It depends on my situation. However, anything under $1000 makes me sweat!
amber512 amber512 6 years
So true! Finally paid off the last of my medical bills...just in time to need to go back to the doctor and the dentist!
Emily-Co Emily-Co 6 years
That's a really good start! It's hard to save when there are so many bills to take care of...
amber512 amber512 6 years
Definitely less than should be in there. Maybe about a month's worth of expenses.
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