Find how much you should have in an emergency fund, based on your monthly expenses and the number of months you want to cover.
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Enter your essential monthly expenses and the number of months you want to cover. The result is the amount to set aside.
The usual advice is a fund covering 3–6 months of essential expenses. Choose more (6–12 months) if your income is unstable or you are the sole earner.
Emergency fund needed = 24,000 RON (4,000 × 6)Standard financial formulas (time value of money). Instant in-browser calculation, no account, no data sent. Interest rates are indicative — check the bank’s actual offer.
The emergency fund is found by multiplying your monthly expenses by the desired number of months of cover:
For expenses of 4,000 a month and 6 months of cover: fund = 4,000 × 6 = 24,000 (the 3-month minimum would be 12,000).
It is an easily accessible cash reserve for unexpected expenses: losing a job, an urgent repair, a medical issue. It helps you avoid debt in a crisis.
The classic advice is between 3 and 6 months of essential expenses. For a budget of 4,000 a month, that is between 12,000 and 24,000.
Multiply your essential monthly expenses by the number of months you want to cover. For example, 4,000 × 6 months = 24,000.
3 months is the minimum, 6 months is comfortable, and 9–12 months is prudent if you have variable income, are self-employed or are your family’s sole earner.
In a liquid, safe instrument you can withdraw from quickly without loss: a savings account or a liquid deposit. Not in volatile investments such as stocks.
Only essential living costs: rent or loan payment, utilities, food, transport, insurance and other mandatory payments. Exclude discretionary spending (holidays, entertainment).
Build the emergency fund first, then invest. Without a reserve, an emergency could force you to sell investments at a loss or borrow expensively.
Set the target, then set aside a fixed amount every month, automatically, until you reach it. Even small, steady amounts build a solid fund in a few months.