Having an emergency fund means having one less thing to worry about when the unexpected happens. If you find yourself in a situation like a medical emergency, an out-of-the-blue home repair, or losing a job, you don't want to be worrying about how you're going to manage expenses or going into debt to cover costs. An emergency fund will let you focus on getting your life back to normal.
Most financial experts suggest you have at least three months' salary in your emergency fund. How much is that for you?
Enter how much your take-home pay is and how often you receive it: