How much do you need to save for financial security?
Save 20% of your monthly expenses gradually. Best for stable income.
Save 30% of your monthly expenses. Balanced approach to building security.
Save 50% of your monthly expenses. Fast track to complete emergency fund.
Extended period without income. Critical to have 6-12 months saved.
Unexpected health crisis. Budget 3-4 months of expenses minimum.
Major home or vehicle repairs. Keep 2-3 months available.
Transitioning to new role. Have 3 months expenses set aside.
Connect with a Clovest advisor to create your customized emergency fund strategy.