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How to Build an Emergency Fund

An emergency fund is money kept accessible for unexpected essential costs, not a score you need to perfect immediately.

Last reviewed: 24 September 2026

Start with the first milestone

£100 or £500 can still make a difference when starting from zero. Then work toward one month of essential spending and a larger target if appropriate.

Keep emergency money accessible

The purpose is resilience, so consider access and protection as well as interest.

Choose a sustainable contribution

A smaller amount you can maintain is more useful than a target that forces you to borrow again for normal expenses.

Your next step

Set your milestones

Emergency Fund Planner →