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🛟 Emergency Fund planner

Emergency Fund Planner

Build a 3–6 month safety net that turns a crisis into an inconvenience.

Your goal

Your roadmap

£5,500 to go

365 days · 52.1 weeks · 12 months until 3 Aug 2027

60

Success score

£500 saved8%£6,000

Per day

£15.07

Per week

£105

Fortnightly

£211

Per month

£459

Trim monthly spending

You'd need 66% of your disposable income. Cutting £135/month from subscriptions and takeaways typically closes half the gap.

Assign your next bonus

A £1,000 workplace bonus routed straight to this pot advances your target date by ~1 month at current pace.

Motivation

You've already covered 8%. Small wins compound — a £5/day cut equals £150/month.

How to plan a emergency fund fund

  1. 1

    Cover essential outgoings only: rent/mortgage, bills, food, transport, minimum debt payments.

  2. 2

    Aim for 3 months if you have a stable salary, 6 months if freelance or single-income.

  3. 3

    Keep it in an easy-access account — not investments — so you can withdraw in 24 hours.

  4. 4

    Rebuild after any withdrawal before touching non-essential spending.

FAQs

How big should my emergency fund be?+

Multiply your essential monthly outgoings by 3 (stable job) or 6 (variable income).

Where should I keep it?+

An easy-access cash ISA or top-rate savings account. Not premium bonds, not stocks.

Should I pay off debt first or build an emergency fund?+

Build a £1,000 mini-fund first, then attack high-interest debt, then finish the full 3–6 months.

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