Do not look at your gross pay, look at your take home pay. If you insurance is deducted out of your pay, you should include that in your EFund. An emergency fund is for necessary expenses, not savings, etc. Each person's jobs will determine what you need. If you are self-employed - you will need more months than most people. I think that you start out with let's say - 1 month and each goal should be to increase to 2 mos. etc. until you are where you feel comfortable.
Budgeting each month for items such as a purchase for a car, car repairs, home maintenance, medical deductions, vacations, gifts, holidays should be a part of your monthly budget. In the beginning you may need some of your emergency funds to pay for an UNEXPECTED expense.
I have two emergency funds. I have cash at home because I live in a hurricane prone area and have lived through banks not operating during those times and I keep my emergency funds in money markets, savings accounts, and CD's. You want that money to be accessible when you need it.
I do not like investing emergency funds in the market. If you haveupir emergency fund fully funded; you can then start investing in some kind of funds such as index funds, etc.
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