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 TOOLS AND RESOURCES Emergency fund toolkit Calculators, work sheets and lots of strategies for improving your savings.
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 Pay off your plastic to free up your budget. Ask relatives for money to get a leg up on savings. Ask for a raise. Get a second job or freelance on the weekends. Look for lost loot in the form of expired savings bonds or old savings accounts. Auction off unwanted items. Hold a garage sale. Cut spending on nonessentials. 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: \$ __________

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