How much should I set
aside for emergencies?
Uninsured or unexpected emergencies |
|
| Medical & dental costs | $ |
| Legal suits | $ |
| Auto repairs | $ |
| Property damage | $ |
| Other losses or expenses | $ |
Insurance deductibles |
|
| Medical | $ |
| Auto | $ |
| Property | $ |
| Other | $ |
Loss of job or income |
|
| Monthly living expenses | $ |
| Months unemployed | |
Savings you can use |
|
| Current savings | $ |
| Savings rate | |
| Amount you can save monthly | $ |
You will need $6,975 to cover emergencies, losses, and unemployment which might occur during this year.
If you use your current savings and save $150 per month at 4.0%, you will have that amount
in 37 months.
