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Financial Literacy - Emergency fund Click Here
TOOLS AND RESOURCES
Emergency fund toolkit
Calculators, work sheets and lots of strategies for improving your savings.
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Creating an emergency fund
Work sheet: Grow an emergency fund

   Grow an emergency fund
Use this work sheet to track your emergency fund savings.
 
9 ways to grow an emergency fund
box.jpg (790 bytes) Pay off your plastic to free up your budget.
box.jpg (790 bytes) Ask relatives for money to get a leg up on savings.
box.jpg (790 bytes) Ask for a raise.
box.jpg (790 bytes) Get a second job or freelance on the weekends.
box.jpg (790 bytes) Look for lost loot in the form of expired savings bonds or old savings accounts.
box.jpg (790 bytes) Auction off unwanted items.
box.jpg (790 bytes) Hold a garage sale.
box.jpg (790 bytes) Cut spending on nonessentials.
box.jpg (790 bytes) Set up direct deposit.


Calculate how much to save per month
How much do you need for an emergency fund?   $_____________
Emergency fund : $________ / 2 months = $_______ to save per month.
Emergency fund: $________ / 4 months = $_______ to save per month.
Emergency fund: $________ / 6 months = $_______ to save per month.
Emergency fund: $________ / 8 months = $_______ to save per month.
Emergency fund: $_______ / 10 months = $_______ to save per month.
Emergency fund: $_______ / 12 months = $_______ to save per month.
Emergency fund: $_______ / 24 months = $_______ to save per month.
Emergency fund: $_______ / 36 months = $_______ to save per month.


Track your savings
Month 1: $ __________  
Month 2: $ __________  
Month 3: $ __________  
Month 4: $ __________  
Month 5: $ __________  
Month 6: $ __________  
Month 7: $ __________  
Month 8: $ __________  
Month 9: $ __________  
Month 10: $ __________  
Month 11: $ __________  
Month 12: $ __________  
Total annual savings: $ __________  

View worksheet archive
 



TABLE OF CONTENTS
  GROWTH OPPORTUNITIES
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  Budgeting
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  Emergency fund
  • Overview: Emergency fund
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  • Poll: Emergency fund
  • Money Makeover
  • Tools & resources
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  College funding
  Investing
  Estate planning
  Taxes
  ACTION
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