Skip to content

How much should I keep in an emergency fund?

The standard advice is 3-6 months of essential expenses, but the right amount depends on your job stability, dependents, and risk tolerance. Single-income households and freelancers should target 6-9 months. Keep it in a high-yield savings account (currently 4-5% APY) — accessible within 1-2 days but separate from your checking to avoid temptation.