An emergency fund is money that keeps your life running if a paycheck stops or a big surprise lands. Copper works out a target from your own budget and sets it up as a goal with a date.

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Set it up

  1. Open Buckets and tap the Goals filter.
  2. Tap Build an emergency fund. The box shows six months of your bills and spending buckets.
  3. Choose how many months to cover (3 to 12), or type your own amount.
  4. Pick the date you’d like to have it by. Copper shows what that takes each payday.
  5. Tap Start saving.
Copper creates a goal called Emergency fund and adds it to your busiest funding schedule, which fills it a little each payday until it reaches the target by your date.

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How the target is worked out

A month of essentials is everything your bills and spending buckets add up to in a month. A weekly bucket counts about four and a third times, a yearly bill a twelfth. Goals and credit card payments aren’t included. The suggestion is that monthly total times the months you choose, rounded up to the next $100.

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How long it lasts

The emergency fund’s tile shows how many months it covers right now, for example Covers 2.4 months, based on what’s in it and your current bills and spending buckets. The box goes away once you have an emergency fund. To change the target or date later, open the goal and edit it like any other.