Preparing for those rainy days
Having money readily available for rainy days is one of the corner stones of any savings plan. Although we never expect to be flooded by a faulty geyser, be stranded with a burst tyre or other everyday-emergencies, the reality is that these do occur from time to time.
It is therefore important to build up a kitty for unexpected expenses or even planned purchases. This will not only cater for those unplanned expenses but also reduces the temptation to dig into your medium- to longer-term savings goal funds.
One of the unique features Momentum offers under My Savings Portfolio is the Anytime Pocket. You can use it to build up a kitty if you want to have access to a portion of your savings money to pay for unexpected expenses or even planned short-term purchases.