The recommended amount for an emergency savings account is the equivalent of three to six months of your typical living expenses. If you don’t have this amount set aside, don’t be discouraged! The key is getting started and over time build up to this amount. A goal of establishing a starter emergency account of $400 is a good start.
To build up your emergency savings account, add up your monthly expenses. If your monthly expenses add up to $2,200, for example, then you could have between $6,600 and $13,200 in your emergency savings account.