You have housing and fixed expenses of $813.52/month. You want to have a 6-month emergency fund and you want to have it funded in 18 months. How much must you save per month?
To calculate how much you need to save per month to fund a 6-month emergency fund in 18 months, you first need to determine the total amount you need to save for the emergency fund.
6 months of expenses = $813.52/month x 6 months = $4,881.12
Now, divide the total amount needed for the emergency fund by the number of months you want to save it in:
$4,881.12 / 18 months = $271.17
Therefore, you need to save $271.17 per month to fund a 6-month emergency fund in 18 months.