emergency fund Calculator
Whether you face a natural disaster, sudden loss of income or unemployment, a death or other medical emergency, or anything in between, planning and having an emergency fund are crucial so you don’t fall behind on any of your financial obligations. Now that you’ve calculated exactly how much you have in your emergency fund, it’s important that you understand how to plan for emergencies, how to start and actually contribute to your emergency fund, and who you can contact for help in the process. Visit ACCC’s Budgeting for Emergencies center for more information.
If you have a plan when an emergency strikes, you will be less likely to acquire credit card debt and need debt assistance down the road. While an emergency fund can protect you financially during a disaster, you may still face serious financial after effects. For a step-by-step guidebook for recovering in a time of crisis, download this Emergency Financial First Aid Kit developed by Operation Hope in cooperation with the U.S. Department of Homeland Security.