Emergency Fund Calculator
Calculate how much you need in your emergency fund and create a plan to reach your savings goal.
Emergency Fund Planning
Enter your financial information to calculate your emergency fund needs.
Include rent, utilities, groceries, childcare, etc.
Money currently set aside for emergencies
How much you can save each month
Recommended: 6-9 months for single parents
Emergency Fund Tips for Single Parents
Start Small
Begin with a goal of $500-$1,000. This covers most minor emergencies and builds the savings habit.
Automate Savings
Set up automatic transfers to your emergency fund so you save consistently without thinking about it.
Separate Account
Keep emergency funds in a separate high-yield savings account to avoid spending temptation.
Replenish After Use
If you use emergency funds, make replenishing them your top financial priority.