How big should your emergency fund be?
Three months of expenses is the usual advice. Here's how to pick a number that fits your income and job.
October 16, 2026
Most guides say three to six months of expenses. That range is a starting point, not a rule.
Start with essentials, not income
Add up rent, food, transport, utilities and minimum debt payments. That monthly total is what the fund must cover.
Adjust for how steady your income is
A salaried job with stable demand can lean toward three months. Freelancers, commission earners and single-income households should aim higher.
Make the first goal small
One month of essentials is a real milestone. Reach it, then raise the target.