How to create an emergency savings account

WizeFi's built in 4-step plan follows this simple wealth building strategy.

However, some people may see this 4-step plan and realize they don't have an emergency savings.

Here's how to create an emergency savings account.

Go to the accounts page and add an account. You can either sync an account or create one manually. In this example, we'll create a manual account.
Once you've entered the information for your account, make sure to categorize it as an "asset" > "emergency savings" account.
Enter the rest of the account information and click save.
If you're not sure what to set for the target balance, WizeFi suggests starting with roughly $2,000. The purpose of an emergency savings is to have quick available money to avoid taking on additional debt if something happens. Having too much money in a low yield savings account can also delay progress towards financial independence, so it's important to enter a target value you feel comfortable with in case of an emergency without setting the value too high.
Once you've saved your emergency savings account, it should appear on your accounts page.
The account will also automatically appear on your 4-step plan.