Budgeting work sheets: Emergency fund work sheet
Have always thought that a good estimate on how much to save in an emergency fund would be along the lines of 3 x monthly salary. The link below takes a little step futher by detailing the needs per month and coming up with a more reasonable figure. Guess its always a good idea to be prepared!
My emergency fund requirements
Mortgage/rent for one month ________ x 3 = $___________
Auto loan for one month ________ x 3 = $___________
Utilities for one month ________ x 3 = $___________
Transportation for one month ______ x 3 = $___________
Groceries for one month ________ x 3 = $___________
Other debts for one month _______ x 3 = $___________
Total amount for emergency savings account = $___________