Setting Financial Goals

What are financial goals?

Goals let you set specific financial targets and track your progress over time. Whether you're saving for a holiday, building an emergency fund, or paying off debt, goals keep you motivated and on track.

Creating a goal

1. Go to Budgets & Goals

Click Budgets & Goals in the navigation and select the Goals tab.

2. Add a new goal

Click Add Goal and fill in:

• Name — what you're saving for (e.g. "Emergency fund", "Holiday to Japan")
• Target amount — how much you need
• Target date — when you'd like to reach the goal (optional)
• Current amount — how much you've already saved

3. Track progress

Finance Frank shows your progress toward each goal with:

• A visual progress bar
• Percentage complete
• Amount remaining
• Projected completion date based on your savings rate

Goal ideas

| Goal | Typical Target | |------|---------------| | Emergency fund | 3-6 months of expenses | | Holiday | $3,000 - $10,000 | | House deposit | 10-20% of property value | | New car | $15,000 - $50,000 | | Debt payoff | Total outstanding balance |

Tips

• Update your goal progress regularly
• Break large goals into milestones
• Ask Frank "How long until I reach my savings goal?" for projections