Unexpected expenses are a part of life.
The ability to set an emergency buffer helps members maintain a designated level of available funds before allocating surplus towards other financial goals.
Rather than being a traditional goal that starts and finishes, an emergency buffer acts as an ongoing financial safety net.
What You’ll Learn
- How Emergency Buffers work
- Choosing a target buffer amount
- Using monthly expense calculations
- Understanding cash allocation
- Maintaining financial resilience
Why This Feature Matters
Building an emergency fund can help reduce financial stress and improve flexibility when life doesn’t go according to plan.
The Emergency Buffer helps ensure short-term protection isn’t sacrificed while pursuing longer-term goals.
Quick Guide: Building an Emergency Fund
Step 1: Add an Emergency Buffer
Create a new goal, and select “Emergency Fun” from the Money category
Step 2: Choose Your Target
Enter a manual cash amount, or several months’ worth of expenses which is automatically calculated for you. Save the Goal.
Step 3: Review Progress
The buffer will remain funded BEFORE other goals receive their allocations, until it is filled to the set amount.
Review progress over time as needed.
