Tips
Many people start with a $1,000 starter fund, then build to 3 to 6 months of essential expenses. Keep it in a separate savings account so it's easy to reach but not easy to spend.
Your numbers
Your target
-
Want a full spreadsheet instead? The Money Planner Bundle has 6 Excel and Google Sheets budget and savings templates (no macros) for $15. Use code
NEWYEAR27 for 20% off through Jan 15, 2027. Browse the whole store.Questions
How many months of expenses should I save?
3 months is a common minimum; 6 or more if your income is irregular or you're the only earner.
Should I count all my spending?
Count essentials: housing, utilities, food, transport, insurance and minimum debt payments.