Emergency Fund Calculator Spreadsheet Now Available
Due to the interest I have received from my recent post describing a formula to calculate how much you need in your emergency fund, I have created an Excel spreadsheet that can run the formula for you. Download the free spreadsheet here »
Related Posts
- Emergency Fund Calculator: How Much Cash Do You Need?
- Free Monthly Budget Spreadsheet
- Should You Be Reluctant to Use Your Emergency Fund?
- Free Net Worth Spreadsheet
What's Next?
Reading this site, you're already ahead of most people when it comes to your finances. Why not keep going? Help secure your financial future. Take action today:
- Get help with your debts
- Check your credit report and score, free
- Open a savings account
- Open an individual retirement account (IRA)
- Budget with Quicken
Join the Conversation!
What's your take on this story? Have a related question or comment? Share it now in a comment:
some comments
There are currently 1 of themreply
I'm David, a 20-something ex-financial journalist with a mission: To help you learn about personal finance, take control of your money, and get on with life! More...Take Charge of Your Finances!
Get e-mail updates and a free report: "10 Ways To Improve Your Finances RIGHT NOW". Guaranteed Spam-free. Check it out:
Ask Money Under 30
- Can I claim the $8,000 first-time home buyer tax credit if my name was on the deed, but not the mortgage?
- I’m a 21-year old college student; should I get a credit card to help pay for car repairs?
- Can I use student loan funds to consolidate credit card debt at a lower rate?
- Where should I store a windfall for a few months until I decide how to invest?
- Should I save for retirement or pay down my student loans faster?
Your calculator is an interesting tool, but fails to reflect the dual income world we live in today. If both my wife and I can easily accommodate our lifestyle on our individual incomes, the amount I need to have saved for an emergency is much less than as the head of household. furthermore, I _really_ like your income volatility indicator, but we’ve diversified our industries so there is no statistical correlation (psychology and aerospace – you do the math) to increase our emergency fund. I’m not sure people are getting the full story, and they’re likely to think they’re safer than they really are (like I do!).
Thanks for the information,
Regards
Peter