Save toward a goal

This recipe builds up a goal over time: you name it, move money into a wallet for it and set that money aside, spend it as you go, then watch the goal fill.

The idea

A goal doesn’t hold money. It adds up the designations linked to it, and a designation sets aside money that is already in a wallet. So saving is two moves: put money in the wallet, then set it aside for the goal. When you spend toward the goal, you link the expense to it, and it counts against what you planned.

How the tasks connect

Steps

1. Set a savings goal: name it and give it a target amount and a target date.
2. Choose the wallet where the savings sit. A wallet of its own keeps them apart; Create your first wallet shows how to add one.
3. Transfer money between wallets to move the amount you can save into that wallet.

Web

4. Set money aside with designations: add a designation for that amount and choose the goal under Link to Goal (optional).
5. Spend toward a goal: when you spend that money, link the expense to the goal.
6. Track your progress on the goals screen.

Mobile

4. Set money aside with designations: add a designation for that amount and choose the goal under Link to Goal (optional).
5. Spend toward a goal: when you spend that money, link the expense to the goal.
6. Track your progress on the Savings Goals screen: tap More, then Savings Goals.

Each time you save

WisExpense doesn’t repeat transfers for you. Each time you save, make the transfer again, then edit the designation and raise its allocated amount by the same amount.

What you get

A goal that shows how much you planned, how much you have spent and how much is left in the plan, with a wallet that holds the money.

Related

Set a savings goal, Spend toward a goal, Track your progress and Close a goal.