Creating Goals

"Truly like this savings account. Just started and looking forward to have a few accounts. My Son is 13 and I'm saving money for when he's ready to choose a School to further his goals."

—Caruso M. (via Facebook)
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It’s simple: To stay out of debt, only buy things you can afford. In order to afford some things, you’ll need to save up for them.

SmartyPig’s goal planning system not only helps you map out short-term purchases like birthday gifts or new running shoes, but also long-term goals like a trip to Italy or college tuition. And SmartyPig was designed to put you in control of your own financial independence by helping you build a save-then-spend mentality and being rewarded for doing so.

Watch How To Create A Goal On SmartyPig

Define Specific Savings Goals

General savings accounts are great, but experts say that saving is easier with specific goals because you visualize the prize rather than the process. Whether saving for a honeymoon, a flat-screen TV, or home improvements, SmartyPig makes it easy to set up several savings accounts and track your progress.

Set Up As Many Goals As You Want

Now the fun part! Deciding what you want to save for. Whether it’s school clothes for the kids, a new computer, or a family reunion (or all of those plus a few), it just feels great to pay without going into debt. In fact, the average SmartyPig user has about three goals going at any one time.

Link Your Funds

Goals can be securely tied to different funding sources — like your existing checking or savings account — allowing you to manage your goals and finances the way you want.

Calculate Timeline

Decide how much you want to save and when you want to meet your goal, and SmartyPig will suggest a monthly contribution automatically.

Calculate

Set It & Forget It

You can choose the frequency of your withdrawals: once a month, twice monthly, or every 14 days. Or set up your goal as a gift registry, so only others contribute.

You Retain Control

If you find yourself with some extra money, you can always add it toward a goal to reach it even faster. And you can always stop your goals at any time, for any reason, without penalty.