PNC Investment’s Emergency Fund Calculator tool will forecast how much you should save to protect yourself and your finances against unplanned emergencies.
Emergency Fund: How Much You Should Save (with Calculator)Advertiser Disclosure An emergency fund is a savings account set aside specifically for those "just in case" situations -- when your car breaks down, someone gets sick, or when life throws you a curveball. Here's why you need one ...
How does saving up an emergency fund make you feel? Factor #3: Savings Savings that you already have stashed away can be added to your emergency fund. If you do choose to add it in, the calculator will subtract that amount from your emergency fund total. Looking to give your emergency ...
The emergency fund calculator and example To understand how much emergency fund you need, let's take Cindy as an example: Name: Cindy Monthly expense: $2,500 Desired number of months of savings: 6 You can calculate the emergency fund amount in three steps: Determine the amount of money you...
Still have questions about the emergency fund calculator? Find answers below. What is a realistic emergency fund amount? A realistic emergency fund amount depends on many factors, like your family size, how much you make, and how much you can save. Even having $1,000 in savings can be ...
Use our emergency fund calculator below to help you pinpoint your savings goal. How much emergency fund should I have? Sudden car repairs, medical emergencies or job loss can all lead to unexpected debt if you're not prepared. It's difficult to predict how much these or other emergencies ...
How do I build an emergency fund? Calculate the total that you want to save. Use the NerdWallet emergency savings calculator below if you need help figuring out your expenses for six months. Set a monthly savings goal. Instead of focusing on one large savings goal, focus on smaller, attai...
Calculator What are my long-term care insurance needs? There are basically three ways to fund your long-term care needs: self-insure, qualify for Medicaid, or obtain long-term care insurance. Use this calculator to determine your potential long-term care needs and how long your current assets...
Multiply the total amount by 3 to 6 months to get your target emergency fund amount. For more help with gauging your average monthly expenses, you can use our budget calculator. Make it happen Consider keeping your emergency fund in a savings account. Or, use a low-risk, open investment ...
An emergency fund is money that’s set aside for unplanned expenses, such as a medical bill, home repair or loss of income. Using emergency savings to cover unexpected expenses is better than paying with high-interest credit cards or taking out a loan.