Save for a Rainy Day

Rainy Day Savings Summary

Rainy Day Plan
Rainy Day Goal

It is always a good idea to have savings tucked away for a rainy day. Emergencies such as legal or medical bills or loss of a job can all force you into 'rainy day' mode. Planning can make these types of events easier to handle. Determine how big your rainy day savings need to be by factoring in emergency spending needs and essential spending needs if your source of income is interrupted. Once you know what you will need, put together a plan based on your current savings, monthly savings and the number of months you want to take to build your rainy day fund.

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Flagstar Bank partnered with Fintactix, a financial education company, to make these calculators available. They are for informational purposes only. The results are hypothetical to illustrate general scenarios. The calculators cannot determine that a specific Flagstar product is available to you or that it is the right solution for your circumstances. All Flagstar Bank products require an application and an approval process. Please contact us directly so we can assist you. The calculators also do not provide investment, legal, tax, or accounting advice. Consult with a tax advisor, attorney, or other financial professional for guidance about your situation. Flagstar Bank and our affiliates are not responsible for any content provided by unaffiliated third parties.