What are saving goals?

Savings goals are a smart way to organize and track your financial ambitions. Whether you want to build an emergency fund, save for a vacation, or buy a new gadget, creating savings goals helps you plan systematically, monitor your progress, and stay motivated to reach your targets.

How savings goals help you stay on track

Savings goals provide transparency and guidance, helping you:

• Track progress with automatic updates on contributions and the remaining amount;
• Predict completion dates based on your savings pace;
• Analyze contributions by time and participant;
• Maintain focus by breaking down larger financial targets into smaller steps.

What do you see on the savings goal details screen?

The savings goal details screen provides a comprehensive overview of your progress, contributions, and timeline. Here’s what you’ll find:

1. Total saved. The current amount you’ve collected toward the goal;
2. Time to go. How much time is left before the target date (if one was set);
3. Savings progress. A visual indicator of how far you’ve come;
4. Left to save. The remaining amount needed to reach the goal;
5. Goal. Initial savings target amount;
6. Target date. The end date you selected (if applicable);
7. Predicted date. An estimated completion date based on your contributions and patterns.

Contribution Breakdown:

• Transactions. View all transactions associated with this goal. This tab contains the 'Contribute to goal' button, which allows you to add a relevant transaction to your savings goal. Read about contributing to the goal here.
• Periods. View contributions grouped by time periods (only if the goal has a target date). You can open each period and view the relevant details.
• Contributors. Track each person's contribution if the goal is shared. You can open information about each contributor, such as the total amount contributed and all transactions linked to the goal. You can also add a new contributor by clicking the 'Add a Contributor' button.

How to create a savings goal?

When you create a savings goal, you set a target amount and optionally define a contribution plan. You can link a financial account to track contributions automatically, ensuring that every relevant transaction moves you closer to your goal. This allows you to break big goals into manageable savings steps. For a detailed description of how to create savings goals, read here.