You can’t predict when life will throw you a curveball, but you can prepare for the financial implications by using this Routine to build up your emergency fund automatically over time.

Emergency Fund Routine

An emergency fund is a common personal financial strategy designed to give you the resources to cope with difficult financial situations. The rule of thumb is to save 3-6 months’ worth of expenses to cover you during an emergency. The easiest way to build the fund is to contribute to it over time – that’s where this Routine comes in. Set a goal amount for your emergency savings Plan, then automate recurring transfers into that Plan.

How to set up this Routine:

1. Create a Plan for your Emergency Fund.
2. Click 'Try this Routine'.
3. Confirm the date that the Routine will run (the trigger will be pre-populated, but you can edit the date/frequency that the Routine will run).
4. Determine the amount that will transfer to your Emergency Fund Plan.
5. Save your Routine!

Pro tip:
You should regularly reassess your emergency fund needs as your circumstances change. If your monthly expenses increase, your emergency fund should as well. Both Plan goals and Routine trigger amounts are configurable, so you can adjust them over time while preserving the discipline of saving each month.