Emergency Fund Calculator

Find out exactly how much you need to save — personalised to your situation

1. What are your essential monthly expenses? Include: rent/mortgage, bills, food, transport, minimum debt payments

Not sure exactly what your expenses are?
Use the free Budget Calculator to track everything first, then come back here.

2. What’s your employment situation?

Employed (stable salary) Self-employed / Freelancer Variable income (commission, gig work, etc.)

3. How secure is your income?

Very secure (permanent role, stable industry) Moderately secure (some uncertainty) Uncertain (contract work, unstable industry)

4. How many dependents do you have?

None 1–2 dependents (e.g., partner or children) 3+ dependents (larger family)

Includes children, elderly parents, or anyone financially dependent on you

💡 Why these questions matter: Your emergency fund depends on how quickly you could replace your income and how many people rely on you. There’s no one-size-fits-all answer.

Your Emergency Fund Target

£0

How we calculated this:

Monthly essential expenses:£0

Recommended months of cover:0 months

Your target:£0

Ready to start building your buffer?

Use the free Savings Tracker to set your target and watch your progress month by month.

Use the Free Savings Tracker →

Not sure if savings or debt should come first? Take the Money Quiz →