Emergency Fund Target: $2,000
With $100/month in expenses, a 20-month emergency fund target is $2,000.
Target Emergency Fund
$2,000
How This Works
Most financial guidance recommends keeping 3–6 months of essential expenses in an easily accessible account to cover job loss, medical emergencies, or other unexpected costs without going into debt.
Formula
Target Fund = Monthly Expenses × Months Of Coverage
Example
$3,000/month in expenses with 6 months of coverage means an $18,000 target fund.
Frequently Asked Questions
How big should my emergency fund be with $100/month expenses?
For 20 months of coverage, target $2,000.
How many months of expenses should I save?
3 months is a common minimum; 6 months is often recommended for more stability, and those with variable income may want more.