Planning ahead
Emergency fund
A separate cushion, tracked apart from ordinary savings goals.
Why it is separate
An emergency fund is not the same as saving for something. It is money you hope not to spend, sized against your expenses rather than a purchase, so Lumio tracks it apart from goals and can show it in months of cover.
Contributing and withdrawing
Both are recorded, so the fund has a history rather than only a balance. A withdrawal is not a failure worth hiding — it is what the fund is for.
Read next
- Savings goals — Naming something you are saving for and tracking contributions.
All help topics
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