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.π°
How to set up a Mooch emergency fund
Click +Envelope on the home screen and choose Savings
Name your envelope "Emergency Fund"
Enter the amount you want to save
Enter a goal date to save it by
That's it! Mooch will automatically save towards this goal on your paycheck days πͺπ§