How does saving eliminate stress?
Saving automatically will help propel you into having a fully funded emergency savings of at least $1,000. Having something set aside means you have what you need when an emergency comes up.
Why should I save $1,000?
According to the 2018 federal reserve report, 4 out of 10 Americans would have to go into debt in order to pay an unexpected $400 bill. $1,000 is a good goal as it could cover many common emergencies and you won’t have to increase your debt, interest, or monthly payments!
What if I can’t afford to save right now?
Just $20 a week will get you up the $1,000 in less than a year! Unexpected expenses WILL happen. Don’t let those things push your financial future into the wrong direction. Filling up an emergency fund will ensure your forward progress in other financial goals such as paying off debt.
How does the Eli app know how much money I can save?
If you use our smart saving rule, Eli will look at your spending account and only save an amount that you could afford. Every upcoming transfer is displayed right up front so you can see everything that is going into your emergency fund.
Can I pause automatic savings?
Yes! You are able to disable or re-enable the automatic savings rules at any time!
Saving money does require discipline and that’s where Eli can help you!
Let’s make a meaningful change in how you handle money and we believe that you will be able to enter a new season of freedom from financial stress.