How much should I keep in an emergency fund?

A common ladder is $1,000 as a starter, then one month of must-pay bills, then three months of expenses, or about six if income is variable or self-employed. The right number is your bills times months of runway, not a slogan. Run the emergency fund calculator, then park the cash in a high-yield savings account you will not day-trade.

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Source: FAQ: Saving & banking. Educational only, not advice. Facets: topic save · capital low · hours/week 2 · skill beginner.