How do I know if I have enough savings for emergencies?

It's recommended to have three to six months' worth of living expenses saved up for emergencies. You can evaluate your emergency savings by considering your monthly expenses such as rent/mortgage, utilities, food, transportation, insurance, and other necessary expenses. Once you have a total, multiply it by three to six, depending on your comfort level, to get your target emergency savings amount. You can then compare this target with your current emergency savings to determine if you have enough. If not, you can make a plan to increase your savings until you reach your target.