3.3months of coverage
Protected
Your emergency fund should cover 3 to 6 months of living expenses. This is your financial safety net for unexpected events like job loss, medical emergencies, or urgent repairs.
Current Savings
£7,940.5
Monthly Expenses
£2,396.31
Progress to 6-Month Goal
£7,940.5Goal: £14,377.88
Target Timelines
How long it will take to reach each coverage milestone
Reached
3 Months
of expenses covered
£7,188.94
Target reached — well done!
3 mo away
6 Months
of expenses covered
£14,377.88
Shortfall£6,437.38
Est. dateJan 2027
8 mo away
12 Months
of expenses covered
£28,755.76
Shortfall£20,815.26
Est. dateJun 2027
Plan Your Path
Adjust your monthly contribution to see how fast you can reach your goals
Your Monthly Capacity
Savings deposits£550
Monthly excess income£2,362.02
Monthly Amount Allocated£2,912.02
What-If Contribution
Enter a custom monthly amount to model a different savings rate
/mo
Manage your savings accounts Why an Emergency Fund Matters
Financial experts recommend keeping 3 to 6 months of essential expenses in an easily accessible savings account. This prevents you from relying on high-interest credit cards or loans during unexpected hardships.