How much should an emergency fund be?

Financial experts recommend a fund covering 3-6 months of essential expenses. If you have a single income source or are self-employed, increasing to 9-12 months is safer.

What is the difference between emergency fund and savings?

Emergency fund is reserved only for unexpected situations (job loss, health, car repair) and must be immediately accessible. Savings are for planned goals like vacations, a home, or general wealth building.

Should I build an emergency fund while I have debt?

Yes. First build a small emergency fund (1-3 months of expenses). This protects you from taking on new debt. Then pay off high-interest debts, then complete the fund to 6 months.

Emergency Fund Calculator

This calculator is for informational purposes only. Results are estimates and may differ from actual values.

Emergency Fund Guide

What Is an Emergency Fund?

An emergency fund is a financial safety net set aside for situations like job loss, health issues, or unexpected large expenses.

How Much Should I Save?

Single-income households: At least 6 months of expenses
Dual-income households: At least 3 months of expenses
Freelancers / Entrepreneurs: 9-12 months of expenses
Those with debt: First build 3-month fund, then pay debt, then complete to 6 months

Where Should I Keep It?

Emergency funds should be easily accessible and safe. Time deposits, money market funds, or high-yield savings accounts are suitable. Do not invest in stocks or long-term investments.

Savings Tips

Set up automatic transfers — regular deposits to your emergency account on payday.
Start small — even 500 TL per month adds up to 6,000 TL in a year.
If you need to use your emergency fund, replenish it at the first opportunity.
Keep it in interest-bearing accounts to protect against inflation.

Emergency Fund Calculator