Learn · Getting steady

Emergency fund

Cash set aside for surprises, like a car repair or a gap between jobs.

Where you see it

The emergency fund goal on the Goals page, with how much is saved so far.

What it means

An emergency fund is money you leave alone unless something goes wrong. A good first target is one month of spending, then work up to three. Keep it in a savings account, so it's easy to reach but not mixed with everyday money. Even a small one means a surprise doesn't have to go on a card.

Why it matters

It turns a bad week into an annoying one instead of a new debt.

What to do

Start an emergency fund in WealthyJack.

Banks call this your liquid savings.