Financial Adulting
300 XPField Challenge
Open an Emergency Fund Account
Open a separate high-yield savings account and set up automatic transfers. This is the actual thing, not a simulation.
1
Research high-yield savings accounts (look for 4%+ APY — options include Marcus, Ally, SoFi, or your credit union)
2
Open the account (takes about 10 minutes)
3
Set up an automatic recurring transfer from your checking — any amount
4
Name the account 'Emergency Fund' if the bank allows it
5
Report back: what account did you open, what's your automatic transfer amount?
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Tell us where you opened it and what amount you're auto-transferring. The amount doesn't matter — the habit does.
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