- 1 min read
- Emergencies happen, but are you prepared?
- The Emergency Fund Calculator helps you calculate if you have enough reserves for unexpected events.
- A good rule of thumb is to keep six months of expenses in a special savings account.
Do You Have Enough Savings in the Case of an Emergency?
Who doesn't face an unexpected event and a surprise bill? The most common are medical expenses, home repairs, car repairs, and unforeseen travel expenses. A sudden loss or drop in income can make almost any bill challenging to pay.
Use the Bills.com Emergency Fund Calculator to figure out how much money you need to save and protect yourself in cases of distress.
Emergency Fund Saving Calculator
Calculate Your Emergency Fund Needs
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Emergency Savings and Your Financial Health
Your emergency fund is a vital part of your overall financial situation. However, it is crucial that you make savings a part of your overall game plan.
Take Bills.com's Financial Health Survey to analyze how you score on Spending, Borrowing, Saving, and Planning. Get recommendations and tools. Then take steps to improve your financial health.