All Collections
ENVELOPES - ADD A SAVINGS GOAL 🎯
How to Create an Emergency Fund πŸ’°
How to Create an Emergency Fund πŸ’°

Automatically save for unexpected expenses

Mooch Support avatar
Written by Mooch Support
Updated over a week ago

An emergency fund is money set aside for unplanned expenses or financial surprises. Life happens!

The amount you save inside of an emergency fund varies from 1-6 months of your monthly expenses. So if your total monthly expenses is $2,000 then a 3 month emergency fund is $6,000.πŸ’°

How to set up a Mooch emergency fund

  1. Click +Envelope on the home screen and choose Savings

  2. Name your envelope "Emergency Fund"

  3. Enter the amount you want to save

  4. Enter a goal date to save it by

That's it! Mooch will automatically save towards this goal on your paycheck days πŸͺ„πŸ§™

Did this answer your question?