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Emergency saving

Mar 01, 2017 03:45PM EST

This Hello wallet shows emergency savings of $66000 required for a 35 years old. Which 35 year old has 66000 liquid cash for emergency. It does not even include my CDs and stock investments.

HelloWallet Support Answer

Mar 02, 2017 11:33AM EST
Meaghan
HelloWallet Support

When looking at the Savings and Debt portion of the Guidance page, this number that you are seeing is generated based on the information you provide in your Profile, including your age and income. This amount is specific to you as the user. It will not include your CDs and Investments, because these will be listed as retirement accounts in HelloWallet.

This suggested amount is listed in the chance that you are faced with a catastrophic emergency, such as a job loss. However, you can manually edit these amounts if you would prefer it to be listed as a different value. For more information on this, please see this article listed in our Support Center: https://support.hellowallet.com/customer/portal/articles/2410703-about-our-emergency-savings-calculator.

If you have any further questions, please feel free to contact us at support@hellowallet.com.

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