Not sure how much should an emergency fund be? This guide breaks down how much to save, where to keep it and how your income ...

Starting an emergency fund is often highlighted as a crucial aspect of personal finance, but we don’t talk as much about when you should tap into that money.

For example, if your monthly essential expenses add up to $3,000, your emergency fund goal would be $9,000 to $18,000. Tailor your emergency fund savings goal to your income and comfort level.

Financial experts advise having an emergency fund with three to six months' worth of expenses set aside. That can seem daunting to Americans who can’t even afford a $1,000 unexpected expense.

Using the above guideline, a $10,000 emergency fund may be enough if your monthly living expenses are $3,333 or less. Otherwise, it'd be beneficial to beef it up.

Retirees may need a much bigger emergency fund to cover unexpected costs than they did in their working years. Here's why having emergency savings in retirement is essential, and just how much ...

Nearly 60% of people say they can't cover an unexpected emergency expense - 2 News' Cathy Tatom gets advice from Consumer Reports about how to painlessly start and grow an emergency savings account.

Even with unemployment low right now, Bankrate's annual emergency savings report found that 59% of Americans said they couldn't afford to cover an unexpected $1,000 emergency expense.

Home Personal Finance Saving for Your Emergency Fund: As Easy as 1-3-6 An emergency fund that can cover six months' worth of expenses is far easier to build if you focus on smaller goals at first.

The analysis considered the costs of six months of housing, utilities, food, medical care and car payments for a household of at least two people. Here’s the breakdown: $11,635 for medical care ...