Your emergency fund
From a small cash buffer to six months of living costs — your protection when life happens.
In the app: 2 lessons · 1 quick check
Key points
1. Why you need one
- Sickness, a slow market, a broken phone, a rent increase — emergencies come without warning. Without savings, people borrow at high cost or sell what they own.
2. How big, and where
- Step 1: never let your spending money run to zero — keep a small buffer.
- Step 2: save one month of living costs.
- Step 3: grow it to three, then six months.
Your unspent Give share moves into your emergency fund first.
The full lesson is in the Kopkad app
Worked examples in naira, quick checks to test yourself, and the step-by-step guide to doing it, free with your account.
Read more elsewhere
External sites, not run by Kopkad.
Full lesson + tools in the Kopkad app
Build your emergency fund on Kopkad
Set your target (6 months of living costs), link a savings plan to it in Wealth Builder, and watch it fill up.
- Full lessons with real examples
- Quick checks as you learn
- Wealth Builder tools to do it
Free to join. Find the lessons under Learn → Financial Literacy at app.kopkad.ng and in the Android app.