Product Description If you're starting to think about creating an emergency savings fund, this is the perfect tool for you! Personal finance experts (such as Dave Ramsey) advise that you should save anywhere from 3 to 12 months of expenses in an emergency fund. This spreadsheet is a two-in-one tracker and calculator to help you achieve that emergency fund goal! The calculator will help you figure out exactly how much money you should be setting aside in your emergency savings fund. The tracker portion of the spreadsheet will make it easy to record all your contributions and will show you the progress you've made towards your goal. The thermometer will give you a visual representation of how close you are to your goal to keep you motivated and excited about saving. This tool is perfectly suited for those of you following Dave Ramsey's 7 baby steps. This emergency fund calculator is very simple to use: Start by recording all your typical monthly expenses Choose how many months worth of expenses you wish to save for The tool will automatically calculate the target amount for your savings. Note: If you already know exactly how much you want to save for your emergency fund, you can skip using the calculator and go right to the tracker. The tracker is also super simple to use: Write down the target amount of money for your fund Record any deposit you make into your fund The tool will automatically calculate your progress and show you a thermometer of how close you are to your goal! Only basic spreadsheet knowledge is required because the tool is already programmed to do all the calculations and hard work for you! The spreadsheet even comes equipped with instructions for you. Technical Specifications The file is an .xlsx file and is designed to be opened with Excel. The file is an Excel spreadsheet with the following tabs: "Emergency Fund Calculator" "Emergency Fund Tracker" "Instructions" This spreadsheet works in both Microsoft Windows and Mac.
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