niloFinance Tools
Emergency Fund Calculator
An emergency reserve keeps a job change, medical event or urgent repair from disturbing your long-term plans. The right size depends on how stable your income is and who depends on it.
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Frequently asked questions
How many months of expenses should an emergency fund cover?
Common planning guidance: 3–6 months for stable dual-income households, 6–9 months for single-income households, and 9–12 months for self-employed or irregular income. This is general guidance, not personalised advice.
Should EMIs be included?
Yes — the reserve should cover essential expenses plus committed EMI payments, since those continue even when income pauses.
Where should an emergency fund be kept?
Generally somewhere safe and quickly accessible. This tool focuses on the amount; where to hold it is a separate decision worth researching.