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 in Excel format here
You can also use the calculator on Google Spreadsheets.
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- Emergency Fund Calculator: How Much Cash Do You Need?
- Free Monthly Budget Spreadsheet
- Should You Be Reluctant to Use Your Emergency Fund?
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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